Question: Record the transactions in E6A in the general journal. In E6A a. Collin Ferdinand opened Ferdinand Repair Service, Inc., by investing $8,600 in cash and
In E6A
a. Collin Ferdinand opened Ferdinand Repair Service, Inc., by investing $8,600 in cash and $3,200 in repair equipment in return for 11,800 shares of the company's $1 par value common stock.
b. Paid $800 for the current month's rent.
c. Purchased repair supplies on credit, $1,000.
d. Purchased additional repair equipment for cash, $600.
e. Paid salary to an employee, $900.
f. Paid $400 of amount purchased on credit in c.
g. Accepted cash for repairs completed, $3,720.
h. Declared and paid a dividend of $600.
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General Journal 2014 a Cash 8600 Repair Equipment 3200 Common Stock 11800 ... View full answer
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