For each of the following transactions of Dennen, Inc., for the month of January 2015, indicate the

Question:

For each of the following transactions of Dennen, Inc., for the month of January 2015, indicate the accounts, amounts, and direction of the effects on the accounting equation. A sample is provided.

a. (Sample) Borrowed $30,000 from a local bank.

b. Lent $10,000 to an affiliate; accepted a note due in one year.

c. Sold 100 additional shares of stock with a par value of $0.10 per share to investors for $500 cash.

d. Purchased $15,000 of equipment, paying $5,000 cash and signing a note for the rest due in one year.

e. Declared and paid $2,000 in dividends tostockholders.

Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...