a.  On September 2nd, purchased equipment (in cash) for $15,400     b.  On September 5th, purchased inventory on account for $3,200     c.  On September 7th, paid employee wages of $24,550       d.  On September 22nd, borrowed $15,000 from a bank on a 5-year notes payable   e.  On September 28th, issued common stock to new stockholders for $35,000   f. On September 30th, paid a $2,550 cash dividend to stockholders                       1.  Prepare a SEPARATE journal entry for each transaction.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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a.  On September 2nd, purchased equipment (in cash) for $15,400    
b.  On September 5th, purchased inventory on account for $3,200    
c.  On September 7th, paid employee wages of $24,550      
d.  On September 22nd, borrowed $15,000 from a bank on a 5-year notes payable  
e.  On September 28th, issued common stock to new stockholders for $35,000  
f. On September 30th, paid a $2,550 cash dividend to stockholders      
               
1.  Prepare a SEPARATE journal entry for each transaction.  
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