Provide a description for each of the entries below based on the journal entry. Example: Dr....

  

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Provide a description for each of the entries below based on the journal entry. Example: Dr. Inventory Cr. Accounts Payable 18,000 18,000 Purchased inventory, on account, for $18,000. 1 Dr. Equipment Cr. Cash 950,000 200,000 Cr. Note payable 750,000 2 Dr. Trademark 150,000 Cr. Common shares 150,000 3 Dr. Bank Loan Cr. Cash 15,000 15,000 4 Dr. Land 2,000,000 Cr. Note payable 2,000,000 5 Dr. Cash 5,000 Cr. Equipment 5,000 6 Dr. Dividend declared 14,000 Cr. Dividend pa ya ble 10,000 Cr. Cash 4,000 Provide a description for each of the entries below based on the journal entry. Example: Dr. Inventory Cr. Accounts Payable 18,000 18,000 Purchased inventory, on account, for $18,000. 1 Dr. Equipment Cr. Cash 950,000 200,000 Cr. Note payable 750,000 2 Dr. Trademark 150,000 Cr. Common shares 150,000 3 Dr. Bank Loan Cr. Cash 15,000 15,000 4 Dr. Land 2,000,000 Cr. Note payable 2,000,000 5 Dr. Cash 5,000 Cr. Equipment 5,000 6 Dr. Dividend declared 14,000 Cr. Dividend pa ya ble 10,000 Cr. Cash 4,000

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Statementshowing Computations Paticulars 1 Purchased Equipment by paying 200000 ... View the full answer