Question
Where each box represents a journal entry line. In first box, H denotes Cash account, 3000 is the amount, D stands for debit. In second
Where each box represents a journal entry line. In first box, H denotes Cash account, 3000 is the amount, D stands for debit. In second box: B denotes Accounts Receivable account, 2000 is the amount, D stands for debit. And in third box: EE denotes Service Revenues, 5000 is the amount, and C stands for credit.
The letters are in capital. Don't use dollar sign, decimal point, comma, or space in any place.
If in an entry requires more than one debit or credit accounts, first enter debit accounts (in order of dollar amount - large amount to small amount), then the credit accounts (in order of dollar amount - large amount to small amount).
Place your answers inside brackets. Round to nearest dollar. No decimal point, comma, $ sign, or space.
Question:
George Company issued and sold 22,000 share of $5 par value common stock at $6
each share. Provide journal entry to record this transaction.
Question:
George Company purchased back 2000 if its $5 par common stock at $7 each. Provide journal entry to record this transaction.
Question:
George Company issued $2,500,000, 10-year, 8% bonds with interest to be paid semiannually. Market interest rate on the bond issue date was 9.00%. Provide journal entry to record this transaction. Round to nearest dollar.
Question:
Company paid interest on a $4,000, 6%, 60-day note payable. Provide journal entry to record this transaction. Round to nearest dollar.
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