Can someone help me with an accounting problem?
Question:
1. investment of $8600 in cash & $3200 in repair equipment in return for 11,800 shares of the companys $1 par value stock.
2. paid $800 for current months rent
3. purchased repair supplies on credit, $1000
4. purchased additional repair equipment for cash $600
5. paid salary to a helper $900
6. paid $400 of amount purchased on credit in C.
7. accepted cash for repairs completed $3720
8. declared and paid a dividend of $1200
Answer:
enter the credit entries on the left side of T, and debit on the right: follow the directions and i'm sure there are samples in your book,,, sorry i am too lazy to itemized all of those. GOOD LUCK
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