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Pusting Transactions to T-accounts During the year, the Decker Company experienced the following accounting transa 1. Issued common stock in the amount of $220,000 2.
Pusting Transactions to T-accounts During the year, the Decker Company experienced the following accounting transa 1. Issued common stock in the amount of $220,000 2. Paid a $66,000 cash dividend 3. Borrowed $55,000 from a bank 4. Made a principal payment of $5,500 on an outstanding bank loan 5. Made an interest payment of $2,640 on an outstanding bank loan Prepare journal entries and post your transaction analysis to the appropriate T-accou HINT: When posting the journal entries to the T-accounts, enter them in order. General Journal Ref. Description Debit Credit Cash Notes Payable Retained Earnings Common Stock
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