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solve For the following chronological events, prepare the appropriate entry in general joumal form. Debit Credit Amounts 1. Paid $1,500 in cash for a new
solve For the following chronological events, prepare the appropriate entry in general joumal form. Debit Credit Amounts 1. Paid $1,500 in cash for a new computer. 2. Purchased $2,900 of merchandise on account (Assume we are using a periodic inventory system). 3. Collected $1,246 of accounts receivable from last month. 4. Paid $3,043 for utilities for this month. 5. Sold 5,000 shares of your own company's $10 par common stock for $28 per share in cash. 6. Paid $9,000 of insurance on your building for the next six months 7. Paid $6,200 for 100 shares of Walmart stock and plan to sell the shares next month at a higher price. 8. Paid $7,400 for a television commercial to inform the public about your big 20% off sale this weekend. 9. Collected a $10,000 note plus $400 of interest from a customer. 10. Recorded $51,000 of depreciation on your equipment at the end of the year
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