Question
The following journal entries with the amounts omitted were taken from the records of Lena Company: 1. Cash Common stock Additional paid in capital 2.
The following journal entries with the amounts omitted were taken from the records of Lena Company:
| 1. | Cash |
|
| Common stock |
|
| Additional paid in capital |
| 2. | Supplies |
|
| Accounts Payable |
| 3. | Accounts Payable |
|
| Cash |
| 4. | Buildings |
|
| Cash |
|
| Mortgage Payable |
| 5. | Retained Earnings |
|
| Dividends Payable |
| 6. | Cash |
|
| Notes Payable |
Write a brief explanation for each of the above transactions.
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Financial Accounting
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
5th Canadian edition
133472264, 978-0133446265, 133446263, 978-0133472264
