In the month of March, C D Goose, Inc entered into the following transactions Mar 2 Bought a new building for $135,000 3 Paid February utility bill of $860 11 Issued common stock to investors in return for $5,000 13 Hired a new administrative assistant for a $35,000 salary 19 Received payment in th...

General Journal Date Accounts Debit Credit March 2 Buildi ...

In the month of March, C. D. Goose, Inc. entered into the following transactions: Mar. 2 Bought

Question:

In the month of March, C. D. Goose, Inc. entered into the following transactions:
Mar. 2 Bought a new building for $135,000.
3 Paid February utility bill of $860.
11 Issued to investors in return for $5,000.
13 Hired a new administrative assistant for a $35,000 salary.
19 Received payment in the amount of $750 for service billed in February.
31 Paid dividends of $1,000.
Required
Prepare all necessary journal entries for March (omitting the explanations).
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...