Question
Return to questio March 1 Issue common stock for $11,000 . March 5 obtain $7,000 loan from the bank by signing a note. March 10
Return to questio\ March 1 Issue common stock for
$11,000
.\ March 5 obtain
$7,000
loan from the bank by signing a note.\ March 10 Purchase construction equipment for
$15,000
cash.\ March 15 Purchase advertising for the current month for
$1,200
cash.\ March 22 Provide construction services for
$16,000
on account.\ March 27 Receive
$11,000
cash on account from March 22 services.\ March 28 Pay salaries for the current month of
$4,000
.\ Required:\ Record each transaction. Rochester uses the following accounts: Cash, Accounts Receivable, Equipment, Notes Payable Common Stock, Service Revenue, Advertising Expense, and Salaries Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)\ Answer is complete but not entirely correct.\ \\\\table[[No,Date,,,Debit,Credit],[1,March 01,Cash,0,
11,000
,],[,Common Stock,0,,
11,000(O)/()
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