Selected transactions for Bramble Corp. during its first month in business are presented below: Sept. 1   Issued common stock in exchange for $ 44,000 cash received from investors. 5   Purchased equipment for $ 21,400, paying $ 2,100 in cash and the balance on account. 25   Paid $ 6,500 cash on balance owed for equipment. 30   Paid $ 1,900 cash dividend. Post the transactions to T-accounts.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Selected transactions for Bramble Corp. during its first month in business are presented below:

Sept. 1   Issued common stock in exchange for $ 44,000 cash received from investors.
5   Purchased equipment for $ 21,400, paying $ 2,100 in cash and the balance on account.
25   Paid $ 6,500 cash on balance owed for equipment.
30   Paid $ 1,900 cash dividend.

Post the transactions to T-accounts.

Accounts Payable
Common Stock
Dividends
Transcribed Image Text:Accounts Payable Common Stock Dividends
Cash
Equipment
>
>
>
Transcribed Image Text:Cash Equipment > > >
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