Prepare journal entries to record the following transactions for the month of November. If an amount box does not require an entry, leave it blank. A. On first day of the month, issued common stock for cash, $24,000. B. On third day of month, purchased equipment for cash, $12,000. C. On tenth day of month, received cash for accounting services, $14,250. D. On fifteenth day of month, paid miscellaneous expenses, $3,700. E. On last day of month, paid employee salaries, $8,300.

Prepare journal entries to record the following transactions for the month of November. If an amount box does not require an entry, leave it blank. A. On first day of the month, issued common stock for cash, $24,000. B. On third day of month, purchased equipment for cash, $12,000. C. On tenth day of month, received cash for accounting services, $14,250. D. On fifteenth day of month, paid miscellaneous expenses, $3,700. E. On last day of month, paid employee salaries, $8,300.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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