Signed a 90 day, 8 note to AA Supplies for an extension of time on its account payable, $1,500 00 M154 Received cash for sale of office equipment, $1,500 00 The original cost of the office equipment, $8,000 00 accumulated depreciation through November 10, $6,000 00 R410 Sold 3,000 shares of $5 00 par common stock at $6 00 per share, $18,000 00 R415 Paid cash for a copy machine (office equipment) and a display case (store equipment), $7,000 00 The copy machine has an estimated value of $2,000 00, and the display case has an estimated value of $6,000 00 C622 Paid cash for a trademark, $25,000 00 C635 Signed a contract to lease excess warehouse space to Maxx Company for six months starting immediately Received cash in advance, $7,800 00 R418 Journalize the transactions listed in Question Assets Source documents are abbreviated as follows check, C memorandum, M receipt, R (Hint Remember that you do not need to enter C in the Ck No column of the Cash Payments Journal )

Question

Signed a 90 day, 8  note to AA Supplies for an extension of time on its account payable, $1,500 00  M154  Received cash for sale of office equipment, $1,500 00  The original cost of the office equipment, $8,000 00  accumulated depreciation through November 10, $6,000 00  R410  Sold 3,000 shares of $5 00 par common stock at $6 00 per share, $18,000 00  R415  Paid cash for a copy machine (office equipment) and a display case (store equipment), $7,000 00  The copy machine has an estimated value of $2,000 00, and the display case has an estimated value of $6,000 00  C622  Paid cash for a trademark, $25,000 00  C635  Signed a contract to lease excess warehouse space to Maxx Company for six months starting immediately  Received cash in advance, $7,800 00  R418  Journalize the transactions listed in Question Assets  Source documents are abbreviated as follows  check, C  memorandum, M  receipt, R  (Hint  Remember that you do not need to enter C in the Ck  No  column of the Cash Payments Journal )

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Signed a 90-day, 8% note to AA Supplies for an extension of time on its account payable, $1,500.00. M154. Received cash for sale of office

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