Question
With the accounting rule of Assets=Liabilities+Stockholders Equity can you assist in building a ledger for the following. This is a review question on a study
With the accounting rule of Assets=Liabilities+Stockholders Equity can you assist in building a ledger for the following. This is a review question on a study guide and I want to make sure that I am understanding what I am doing?
1. Issued shares of common stock to investors in exchange for 146000 in cash
2. Borrowed 45000 by issuing bonds
3. Purchased delivery trucks for 63000 cash
4. Received 15000 from customer for services performed
5. Purchased supplies for 5000 on account
6. Paid rent of 5900
7. Performed services on account for 10700
8. Paid salaries of 27400
9. Paid a dividend of 10100 to shareholders
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