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The company Nouvelle Inc. was founded on January 1, X1. Below are the company's first operations that took place in January: Initial investment of $

The company Nouvelle Inc. was founded on January 1, X1. Below are the company's first operations that took place in January:

  1. Initial investment of $ 50,000 upon incorporation. The founders of the company receive ordinary shares with voting rights.

b) Cash purchase of equipment at a total cost of $ 11,000.

c) Purchase of merchandise inventory on credit at a cost of $ 5,000

d)Payment of $ 3,000 in partial settlement of the account payable on the purchase of goods (see transaction c).

e) Cash purchase of office supplies at a cost of $ 500.

f) Obtaining a loan from a bank. The amount received of $ 25,000 will have to be repaid within one year.

Record in the General Journal all transactions carried out by Nouvelle Inc. (operations a to f).

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