Record the following selected transactions for April. a. Received $18,000 from sale of common stock. Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". c. Paid $2,300 for rent for April. d. Purchased $1,500 of supplies on account. e. Recorded $9,800 of fees earned on account. f. Received $7,500 in cash for fees earned. g. Paid $1,200 to creditors on account. h. Paid wages of $3,425. i. Received $7,900 from customers on account. j. Recorded dividends of $1,875.
Record the following selected transactions for April. a. Received $18,000 from sale of common stock. Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". c. Paid $2,300 for rent for April. d. Purchased $1,500 of supplies on account. e. Recorded $9,800 of fees earned on account. f. Received $7,500 in cash for fees earned. g. Paid $1,200 to creditors on account. h. Paid wages of $3,425. i. Received $7,900 from customers on account. j. Recorded dividends of $1,875.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Record the following selected transactions for April.
a. Received $18,000 from sale of common stock.
Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".
c. Paid $2,300 for rent for April.
d. Purchased $1,500 of supplies on account.
e. Recorded $9,800 of fees earned on account.
f. Received $7,500 in cash for fees earned.
g. Paid $1,200 to creditors on account.
h. Paid wages of $3,425.
i. Received $7,900 from customers on account.
j. Recorded dividends of $1,875.
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