How I recorded the following transactions in general journal for BM, Inc. Include with a brief explanation of the transactions as part of each journal entry. sept 1 the BM, In issued 5,000 additional shares of capital stock to doctor Matos at $ 72 per share. sep2 the bm purchased diasgnostic equipment. he equipment cost $300,000, of which $120,000 was paid in cash; a note payable was issued for the balance. sept 3issued a check for $7,200 in full payment of an account payable to Figueroa laboratories sept10 purchased surgical supplies for $4,800. payment is not due until November 28. sept20 collected an $96,000 account receivable from health two insurance company. sept30 declared and paid a $6000,000 cash dividend to stockholders.
How I recorded the following transactions in general journal for BM, Inc. Include with a brief explanation of the transactions as part of each
sept 1 the BM, In issued 5,000 additional shares of capital stock to doctor Matos at $ 72 per share.
sep2 the bm purchased diasgnostic equipment. he equipment cost $300,000, of which $120,000 was paid in cash; a note payable was issued for the balance.
sept 3issued a check for $7,200 in full payment of an account payable to Figueroa laboratories
sept10 purchased surgical supplies for $4,800. payment is not due until November 28.
sept20 collected an $96,000
sept30 declared and paid a $6000,000 cash dividend to stockholders.
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