Question 18

1. Sold $32,000 of common stock to investors. NOTE Debit entries need to be listed first. Please do not indent credit entries. Dollar values need to be entered with no dollar sign and appropriate commas (eg 5.000). If no dollar value is needed in a blank, put 'o' in the space provided. Account Title Credit Dar Debit 2. Purchased $2,000 of cleaning products on account. The cleaning products will be used to keep Wilson's store clean and will not be sold to customers. NOTE: Debit entries need to be listed first. Please do not indent credit entries. Dollar values need to be entered with no dollar sign and appropriate commas (e.g. 5.000). If no dollar value is needed in a blank, put 'o' in the space provided. Account Title Debit Credit 3. Paid $1,500 to a supplier for the cleaning products purchased in transaction 2. NOTE: Debit entries need to be listed first. Please do not indent credit entries Dollar values need to be entered with no dollar sign and appropriate commas (e.g. 5,000). If no dollar value is needed in a blank, put 'o' in the space provided. Account Title Debit Credit 4. Purchased an $8,000 copy machine by paying $3,000 in cash and borrowing $5,000 from a bank. NOTE Debit entries need to be listed first. Please do not indent credit entries. Dollar values need to be entered with no collar sign and appropriate commas (eg. 5.000). If no dollar value is needed in a blank, put 'o' in the space provided Account Title Debit Credit