Question
Prepare journal entries for each of the following transactions: Issue common stock for $17,500 . Obtain $8,300 loan from the bank by signing a note.
Prepare journal entries for each of the following transactions:\ Issue common stock for
$17,500
.\ Obtain
$8,300
loan from the bank by signing a note.\ Purchase construction equipment for
$21,500
cash.\ Purchase advertising for the current month for
$1,000
cash.\ Provide construction services for
$17,300
on account.\ Receive
$12,300
cash on account from previous services to customers.\ Pay salaries for the current month of
$5,300
.\ Note: If no entry is required for a transaction/event, select "No journal entry required" in the first acco\ Journal entry worksheet\ 1\ 2\ 3\ 4\ 5\ 6\ 7\ Issue common stock for
$17,500
.\ Note: Enter debits before credits.\ \\\\table[[Date,General Journal,Debit,Credit],[March 01,,,],[,,,],[,,,],[,,,]]
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