During the first month of operations, Gagne Services, Inc., completed the following transactions: A (Click the icon to view the transaction data.) Read the roquirements. Requirement 1. Record each transaction in the journal. Key each transaction by date. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Oct 2: Gagne Services received $66,000 cash and issued common stock to the stockholders. Journal Entry Date Accounts Debit Credit Oct 66,000 Common Stock

During the first month of operations, Gagne Services, Inc., completed the following transactions: A (Click the icon to view the transaction data.) Read the roquirements. Requirement 1. Record each transaction in the journal. Key each transaction by date. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Oct 2: Gagne Services received $66,000 cash and issued common stock to the stockholders. Journal Entry Date Accounts Debit Credit Oct 66,000 Common Stock

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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