Provide journal entries to record each of the following tranctona. For cach, using the capital letter only, identity whether the transaction represents a sourE of cash S a use of canh (U, ar neither (NIPLEASE NOTE: All whale dollar amounta will be with "$"and commas as needed lie. $12,345). Far the journal entry, you munt enter the account names ectly as written below.CnhAccounts PayableDividendh PayableTreaury StockDividendsPreferred StockNote RecehableCommon StockHondh PayablePaid $22.00 cash on ond payaCRTrarnaction - Source of canh (SL Uve of cash (U or Neither (N).Collected $12.400cah for a nate recehvable.CRTrarnaction - Source of cash SL Use of cash (UL or Neither (N).Declared a dividend to shareholders for $16,000, to be paid in the futurE.CRTrarnaction - Source of cash SL Use of cash (UL or Neither (N).Paid $26.500 to suppliers for purchases on accountCRTrarnaction - Source of cash SL Uve of cash (UL or Neither (N)Purchaned treanury stock for $18,000 canh.DRTrarnaction - Source of cash SL Use of cash (UL or Neither (N).

Name: Provide journal entries to record each of the following tranctona. Fo
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Description: Provide journal entries to record each of the following tranctona. For cach, using the capital letter only, identity whether the transaction represents a sourE of cash S a use of canh (U, ar neither (NIPLEASE NOTE: All whale dollar amounta will be w

The journal entries are prepared to keep the record of day to day transactions of the business.

Business

Accounting

Provide journal ntries to record cach of the following tranactona. For cach, using the capital letter only, identity whether the tranaaction repreents a source of cash S a ue of cnh (U, ar neither (NI PLEASE NOTE: Al whale dolar amaunts will be wich "$"and commas as neded lie. $12,345). For the journal entry, you munt unter the account namas ectly as written bulow. Canh Accunts Payable Dividends Payable Iraary Stack Dividends Preferred Stck Note Receivable Common Stock Honds Payable Paid $22.000 ash on end pya CR Trarnaction - Source of cash SL Use of cash (Ul, or Neither N) Collected $12.600 cah for a nte reeivatle CR Trarnaction - Source of cash SL Use of cah (U or Nither (N) Declared a dividend to sharehoiders for $16000, to be paid in the future. CR Irarnaction - Source of cash SL Use of cash (Ul, or Neither N) Paid $26.500 to suppliers for purchases on account Trarnaction - Source of cash Uve of cash (U or Nither (N). Purchaned treasury stock for I6.000 canh DR Trarnaction - Source of cash SL Use of cash (Ul, or Neither N)

Provide journal ntries to record cach of the following tranactona. For cach, using the capital letter only, identity whether the tranaaction repreents a source of cash S a ue of cnh (U, ar neither (NI PLEASE NOTE: Al whale dolar amaunts will be wich "$"and commas as neded lie. $12,345). For the journal entry, you munt unter the account namas ectly as written bulow. Canh Accunts Payable Dividends Payable Iraary Stack Dividends Preferred Stck Note Receivable Common Stock Honds Payable Paid $22.000 ash on end pya CR Trarnaction - Source of cash SL Use of cash (Ul, or Neither N) Collected $12.600 cah for a nte reeivatle CR Trarnaction - Source of cash SL Use of cah (U or Nither (N) Declared a dividend to sharehoiders for $16000, to be paid in the future. CR Irarnaction - Source of cash SL Use of cash (Ul, or Neither N) Paid $26.500 to suppliers for purchases on account Trarnaction - Source of cash Uve of cash (U or Nither (N). Purchaned treasury stock for I6.000 canh DR Trarnaction - Source of cash SL Use of cash (Ul, or Neither N)

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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i need Sales journal and Cash Receipts Journal. thanks