Business
Accounting
In the month of March, C. D. Goose, Inc. entered

In the month of March, C. D. Goose, Inc. entered

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 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...

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