Following are the transactions of JonesSpa Corporation, for the month of January a Borrowed $30,000 from a local bank; the loan is due in 9 months. b. Lent $10,000 to an affiliate; accepted a note due in one year. c. Sold to investors 100 additional shares of stock with a par value of $0.10 per share and a market price of $5 per share; received cash. d. Purchased $15,000 of equipment, paying $5,000 cash and signing a note for the rest due in one year. e. Declared $2,000 in cash dividends to stockholders, to be paid in February Prepare the journal entry to record each of the above transactions for the month of January. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction fist Journal entry worksheet 5 Record the receipt of the bank loan of $30,000.

During Year 11, Pacilio Security Services experienced the following transactions: Paid the sales tax payable from Year 10. Paid the balance of the payroll liabilities due for Year 10 (federal income tax, FICA taxes, and unemployment taxes). Issued 5,000 additional shares of the $5 par value common stock for $8 per share. Issued 1,000 shares of $50 stated value, 5 percent cumulative preferred stock for $52 per share. Purchased $500 of supplies on account. Purchased 190 alarm systems at a cost of $310. Cash was paid for the purchase. After numerous attempts to collect from customers, wrote off $3,670 of uncollectible accounts receivable. Sold 210 alarm systems for $600 each plus sales tax of 5 percent. All sales were on account. Record the cost of goods sold related to the sale from Event 8 using the FIFO method. Billed $125,000 of monitoring services for the year. Credit card sales amounted to $58,000, and the credit card company charged a 4 percent fee. The remaining $67,000 were…

Prepare Hertog Company's journal entries to record the following transactions for the current year. May 7 Purchases Kraft bonds as a short-term investment in trading securities at a cost of $10,990. June 6 Sells its entire investment in Kraft bonds for $11,510 cash. View transaction list Journal entry worksheet 1 2 Purchases Kraft bonds as a short-term investment in trading securities at a cost of $10,990. Note: Enter debits before credits. Date May 07 Record entry General Journal Clear entry Debit Credit View general journal >

On January 1, Jim Shorts Corporation issued bonds for $580 million. This bond issue was originally issued at premium. During the same year, $1,500,000 of the bond premium was amortized. On a statement of cash flows prepared using the indirect method, Jim Shorts Corporation should report: O that $1.5 million to be added to net income O An investing activity of $580 million. O A financing activity of $300 million. O that $1.5 million to be deducted from net income