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Selected transactions for Pronghorn Mill during its first month of operations are as follows. March 2 Issued common stock for $10,500 cash. 4 Purchased
Selected transactions for Pronghorn Mill during its first month of operations are as follows. March 2 Issued common stock for $10,500 cash. 4 Purchased used car for $1,350 cash and $9,000 on account, for use in the business. 10 Billed customers $2,100 for services performed. 13 Paid $240 cash to advertise business opening. 25 Received $1,200 cash from customers billed on March 10. 27 Paid amount owed for used car purchased on March 4. 30 Received $650 cash from a customer for services to be performed in April. 31 Declared and paid $440 of dividends to stockholders. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)
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