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The following provides information regarding the business events for the current period. 1. Issued 2,000 shares of common stock for $40,000 cash. 2. Purchased land
The following provides information regarding the business events for the current period. 1. Issued 2,000 shares of common stock for $40,000 cash. 2. Purchased land for $10,000 as the location of a new warehouse that A&B will build. They signed a 2 -year note payable to pay for the land. 3. Made an offer to purchase an office building for $100,000. No further action has been taken. 4. Purchased $4,000 of supplies on account 5. Purchased equipment for $7,000, paying $3,000 in cash and signing a 30-day note payable for the remainder 6. Paid $2,000 cash on account for the supplies purchased in transaction 4. Required: Prepare the journal entries where required by the information provided above. Use the MSWord link for the table to write your journal entries. After you have written the journal entries on the table in the MSWord document provided, put your name below the table on the document, save the document and then upload it to this problem in the upload space provided at the bottom of this box. The following provides information regarding the business events for the current period. 1. Issued 2,000 shares of common stock for $40,000 cash. 2. Purchased land for $10,000 as the location of a new warehouse that A&B will build. They signed a 2 -year note payable to pay for the land. 3. Made an offer to purchase an office building for $100,000. No further action has been taken. 4. Purchased $4,000 of supplies on account 5. Purchased equipment for $7,000, paying $3,000 in cash and signing a 30-day note payable for the remainder 6. Paid $2,000 cash on account for the supplies purchased in transaction 4. Required: Prepare the journal entries where required by the information provided above. Use the MSWord link for the table to write your journal entries. After you have written the journal entries on the table in the MSWord document provided, put your name below the table on the document, save the document and then upload it to this problem in the upload space provided at the bottom of this box
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