Question 6 of 6 -/3 a b. C d. e View Policies Current Attempt in Progress For each of the following transactions, prepare journal entries: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) The company issued common shares for $146,000 The company borrowed $72,000 from a bank (Use Bank Loan Payable) Inventory costing $43,200 was purchased on account. Rented a retail space and paid a damage deposit of $10,000, Received a bill for advertising costs of $3,700 related to the grand opening, Pald employees wages of $16,400, Inventory costing $39,600 was sold for $74,200, halt for cash and half on account (Hint: Two journal entries are required.) A payment of $43,100 was made on accounts payable. Accounts receivable totalling $23,600 were collected. New equipment costing $125,000 was purchased for cash. The company paid $18,400 on its bank loan, which included $10,100 of interest. The company paid $9,000 for the monthly rent on its retail location. The company's board declared and paid dividends of $12.900. Paid the advertising bill related to the grand opening (see transaction (e)). 8 h. 1 k m n M. Accetta D CH (To record sales revenue) (To record the cost) h. i. ki m. List of Accounts Save for Later Attempts: 0 of 1 used Submit