Record the following selected transactions for December in a two-column journal, identifying each entry by letter:

(a)

Received $22,000 from an investor in exchange for stock.

(b)

Purchased equipment for $20,000, paying $5,000 in cash and borrowing the rest.

(c)

Paid $1,000 for monthly rent.

(d)

Purchased $800 of supplies paying cash.

(e)

Recorded $12,000 of income on account.

(f)

Received $900 in cash for fees earned.

(g)

Paid $12,000 to creditors on account.

(h)

Paid salaries of $15,250.

(i)

Received $1,100 from customers on account.

(j)

Declared and recorded a $2,000 dividend.

	Description	Debit	Credit
A
B
C
D
E
F
G
H
I
J