what are the debits ans credits ? Following are the transactions of JonesSpa Corporation, for the month
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what are the debits ans credits ?
Following are the transactions of JonesSpa Corporation, for the month of January a. Borrowed $15,000 from a local bank b. Lent $8,600 to an affiliate; accepted a note due in one year c. Sold to investors 100 additional shares of stock with a par value of $0.10 per share and a market price of $10 per share; received cash. d. Purchased $19,000 of equipment paying $13,200 cash and signing a note for the rest due in one year e. Declared $10,300 in cash dividends to stockholders, to be paid in February Prepare the journal entry to record each of the above transactions for the month of January (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No Transaction General Journal Dobit Credit 1 a Cash > 2 b Notes receivable Cash 3 Cash Common stock Additional pald.in capital olo 4 d Equipment Cash Notes payable O 5 e Retained earnings Dividends payable ![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669004fc84d1c_492669004fc19a11.jpg)
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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