Record each of these transactions 1 Cash………………………………………. 300,000             Capital Stock……………………………………………             300,000     Issued capital stock at $60 per share  4 Diagnostic Equipment……………………250,000             Cash…………………………………………………                100,000             Notes Payable………………………………………                 150,000   Purchased equipment, paying part in cash and signing a note payable for the balance 12 Account Payable…………….......6,000             Cash………………………………….                              $6,000 Paid account payable to Zeller Laboratories 19 surgical supplies……………………4,000             Accounts Payable………………………                   $     4,000 25 Cash…………………..80,000             Accounts Retrievable……………………..                  80,000 30 Dividends……………$50,000             Cash……………..                                                    500,000                                 ADDITIONAL REQUIREMENT FOR 3.2 Posting of transaction from General Journal to T-Accounts Prepare trial Balance.

Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.3BE: Current position analysis The following items are reported on a company's balance sheet: Cash...
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Record each of these transactions

1 Cash………………………………………. 300,000

            Capital Stock……………………………………………             300,000

    Issued capital stock at $60 per share 

4 Diagnostic Equipment……………………250,000

            Cash…………………………………………………                100,000

            Notes Payable………………………………………                 150,000

  Purchased equipment, paying part in cash and signing a note payable for the balance

12 Account Payable…………….......6,000

            Cash………………………………….                              $6,000

Paid account payable to Zeller Laboratories

19 surgical supplies……………………4,000

            Accounts Payable………………………                   $     4,000

25 Cash…………………..80,000

            Accounts Retrievable……………………..                  80,000

30 Dividends……………$50,000

            Cash……………..                                                    500,000                              

 

ADDITIONAL REQUIREMENT FOR 3.2

Posting of transaction from General Journal to T-Accounts

Prepare trial Balance.

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