E Provided paper delivery of $10,000 to customer that paid for their order last year F Purchased equipment worth $15,000 with cash G Paid off $2,500 in accounts payable H Issued $285,000 in stock, receiving cash from investors I Incurred insurance expense of $10,000 that was prepaid last year J Paid off $5,000 of notes payable Account Name Account Name Equipment(+A) Cash(-A) Account Name Account Name Account Name Account Name Debit Debit $15,000 Debit Debit Debit Debit Credit Credit $15,000 Credit Credit Credit Credit

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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Complete the journal entries:

 

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E
Provided paper delivery of
$10,000 to customer that paid
for their order last year
F
Purchased equipment worth
$15,000 with cash
G
Paid off $2,500 in accounts
payable
H
Issued $285,000 in stock,
receiving cash from investors
||
Incurred insurance expense of
$10,000 that was prepaid last
year
J
Paid off $5,000 of notes payable
Account Name
Account Name
Equipment(+A)
Cash(-A)
Account Name
Account Name
Account Name
Account Name
Debit
Debit
$15,000
Debit
Debit
Debit
Debit
Credit
Credit
$15,000
Credit
Credit
Credit
Credit
Transcribed Image Text:E Provided paper delivery of $10,000 to customer that paid for their order last year F Purchased equipment worth $15,000 with cash G Paid off $2,500 in accounts payable H Issued $285,000 in stock, receiving cash from investors || Incurred insurance expense of $10,000 that was prepaid last year J Paid off $5,000 of notes payable Account Name Account Name Equipment(+A) Cash(-A) Account Name Account Name Account Name Account Name Debit Debit $15,000 Debit Debit Debit Debit Credit Credit $15,000 Credit Credit Credit Credit
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