For each of the following unrelated transactions, give the journal entry to record the transaction. Then...

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For each of the following unrelated transactions, give the journal entry to record the transaction. Then show how the journal entry would be posted to T- accounts. You need not include explanations or account numbers. 1. Capital stock was issued for $ 100,000 cash. 2. Salaries for a period were paid to employees, $ 24,000. 3. Services were performed for customers on account, $ 40,000, For each of the following unrelated transactions, give the journal entry to record the transaction. Then show how the journal entry would be posted to T- accounts. You need not include explanations or account numbers. 1. Capital stock was issued for $ 100,000 cash. 2. Salaries for a period were paid to employees, $ 24,000. 3. Services were performed for customers on account, $ 40,000,

Answer rating: 100% (QA)

No Accounts Debit Credit 1 Cash 100000 Capital stock 100000 2 Sala... View the full answer