transactions. Ali purchased land for Business for $35,000. Paid $20,000 cash. The balance will be paid as account payable. Purchased additional machinery for Business for $10,000 in cash. Purchased wood stock for $45,000, paid $35,000 cash, and signed a note payable for the balance. Obtained a lone from Supreme Bank in the amount of $50,000. Signed a note payable. Paid $15,000 Accounts payable and $30,000 of
transactions. Ali purchased land for Business for $35,000. Paid $20,000 cash. The balance will be paid as account payable. Purchased additional machinery for Business for $10,000 in cash. Purchased wood stock for $45,000, paid $35,000 cash, and signed a note payable for the balance. Obtained a lone from Supreme Bank in the amount of $50,000. Signed a note payable. Paid $15,000 Accounts payable and $30,000 of
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Make a
- Ali purchased land for Business for $35,000. Paid $20,000 cash. The balance will be paid as account payable.
- Purchased additional machinery for Business for $10,000 in cash.
- Purchased wood stock for $45,000, paid $35,000 cash, and signed a note payable for the balance.
- Obtained a lone from Supreme Bank in the amount of $50,000. Signed a note payable.
- Paid $15,000 Accounts payable and $30,000 of Note Payable.
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