Dana Inc.
provides civil engineering services. The business transaction for june was as follow:
June 2 collected an account receivable of $ 860 from a customer.
June 5 issued a check for $ 430 in full payment of an account payable to north Inc.
June 9 borrowed $ 12000 from the bank by signing a 120 day note payable.
June 12 issued an additional 3000 shares of capital stock in exchange for $45000
June 15 purchased equipment for the business. The price was $13000 of which $3000 was paid in cash; a note payable was issued for the balance.
June 21 acquired office furniture from West Company for $ 1100 on account
Instruction: 1) Record the transaction in the general journal.
2) Post cash transaction to the appropriate ledger account
please can anyone help me to answer this question i can’t understand how to solve it
This open post was written 1 year ago | V/U/S: 69, 6, 3 | Edit Post | Leave a reply | Report Post
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miss_maram8 edited this post 1 year ago. Read the previous text »
Dana Inc. provides civil engineering services. The business transaction for june was as follow:
June 2 collected an account receivable of $ 860 from a customer.
June 5 issued a check for $ 430 in full payment of an account payable to north Inc.
June 9 borrowed $ 12000 from the bank by signing a 120 day note payable.
June 12 issued an additional 3000 shares of capital stock in exchange for $45000
June 15 purchased equipment for the business. The price was $13000 of which $3000 was paid in cash; a note payable was issued for the balance.
June 21 acquired office furniture from West Company for $ 1100 on account
Instruction: 1) Record the transaction in the general journal.
2) Post cash transaction to the appropriate ledger account
miss_maram8 reopened this post.
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