QUESTION hegl jal imal, inch Record in the general jounal, including explanations for Flower Incorporation from the followit transactions: December 1 Issued capital stock of 34000 shares at $11.50 per shares and received cash. 2 Purchased a proton car from Lee Company for $7000 on account, 2/10 term. 4 Provided service on account to Pearson Inc. and billed $71 450. 9 Paid to Lee Company as full settlement. 15 Obtain an overdraft facility of $30000 from AIA Bank. 20 Purchased a Plant from Dynasty's Warehouse for $25 000; paid S10,000 cash and issued a note payable due in 10 days for the balance.
QUESTION hegl jal imal, inch Record in the general jounal, including explanations for Flower Incorporation from the followit transactions: December 1 Issued capital stock of 34000 shares at $11.50 per shares and received cash. 2 Purchased a proton car from Lee Company for $7000 on account, 2/10 term. 4 Provided service on account to Pearson Inc. and billed $71 450. 9 Paid to Lee Company as full settlement. 15 Obtain an overdraft facility of $30000 from AIA Bank. 20 Purchased a Plant from Dynasty's Warehouse for $25 000; paid S10,000 cash and issued a note payable due in 10 days for the balance.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:QUESTION heg al inal, inct
Record in the general journal, including explanations for Flower Incorporation from the following
transactions:
December 1 Issued capital stock of 34000 shares at $11.50 per shares and received cash.
2 Purchased a proton car from Lee Company for $7000 on account, 2/10 term.
4 Provided service on account to Pearson Inc. and billed $71 450.
9 Paid to Lee Company as full settlement.
15 Obtain an overdraft facility of $30000 from AIA Bank.
20 Purchased a Plant from Dynasty's Warehouse for $25 000; paid S10,000 cash and
issued a note payable due in 10 days for the balance.
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