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The following transactions occurred at the Dalsy King Ice Cream Company 1. Started business by Issuing 10,000 shares of common stock for $36.000 2 Leased
The following transactions occurred at the Dalsy King Ice Cream Company 1. Started business by Issuing 10,000 shares of common stock for $36.000 2 Leased a building for three years at $660 per month and pald six months' rent in advance 3. Purchased equipment for $7.000, signing a two-year, 10% note. 4 Purchased $3,400 of supplies on account. 5. Recorded cash sales of $2,400 for the first week 6. Pald weekly salaries, $1120 7. Pald for supplies purchased in item (4). 8. Recorded depreciation on equipment, $110. Required Prepare journal entries to record each of the transactions listed above. (If no entry is required for a transaction/event, select "No Journal entry required" in the first account field.) View transaction ttet Journal entry worksheet
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