Question 13

Following the transaction of Dennen, Inc for the month of January

Borrowed $30,000 from a local bank,

Lent 10,000 to affiliate due in 1 year,

Sold to an investor 100 additional share with a .10 per share and a market price of $5 per share and received cash,

Purchased $15,000 on equipment paying $5,000 cash and signing a note for the rest due in 1 year,

Declared and paid $2,000 in dividends to stockholders.

Prepare the journal entry record each of the above transaction for the month of January.

(If no entry is required for transaction, select No journal entry required in the first account field).

No Transaction General Journal Debit Credit