The following transactions were taken off the company's books.

Cash- $ 65,000

Inv. Initial - (725 U to $ 14.89)

Receivable- 89,000

All.for.doub.accts- 5,400

a) Common shares were issued for a total of $ 325,000.

b) 2,367 units were purchased with a total cost of $ 38,000.00 on credit

c) Merchandise worth $ 1,500.00 was returned.

d) 2,475 units were sold at $ 21.00

e) 3,200 units were purchased with a price of $ 11.00 in terms of (2% n30)

f) $ 100,000 was borrowed.

g) 25 units returned were received from those sold in transaction d

h) The transaction invoice (e) was paid

REQUIREMENTS

A) Register the transactions in the General Journal of the company

B) Open one for each account that appears in the problem and find the balance