Please show which ones are the correct answer, No need for an explanation, thanks The company paid

Please show which ones are the correct answer, No need for an explanation, thanks

 

Transcribed Image Text:

The company paid $2,000 Example on its bank loan, which included $150 of interest. 1 2 3 4 5 6 7 8 The company borrowed $250,000 from the bank. The company purchased a building for a total of $150,000 by issuing common shares. The company paid $2,400 for a one-year insurance policy for the building. Purchased $200,000 inventory on account. The cost of the inventory that was sold to customers was $142,000. Customers paid $5,000 in advance for goods that will be delivered later. Paid $75,000 on account due to suppliers [from #4]. The board of directors declared dividends of $2,000 in December, to be paid in January. Bank Loan Payable Interest Expense Cash Cash Prepaid Insurance Inventory Cost of Goods Sold Cash Accounts Payable Dividends Declared Cash Bank Loan Payable Common Shares Cash Accounts Payable Inventory Sales Revenue Cash Dividends Payable The company paid $2,000 Example on its bank loan, which included $150 of interest. 1 2 3 4 5 6 7 8 The company borrowed $250,000 from the bank. The company purchased a building for a total of $150,000 by issuing common shares. The company paid $2,400 for a one-year insurance policy for the building. Purchased $200,000 inventory on account. The cost of the inventory that was sold to customers was $142,000. Customers paid $5,000 in advance for goods that will be delivered later. Paid $75,000 on account due to suppliers [from #4]. The board of directors declared dividends of $2,000 in December, to be paid in January. Bank Loan Payable Interest Expense Cash Cash Prepaid Insurance Inventory Cost of Goods Sold Cash Accounts Payable Dividends Declared Cash Bank Loan Payable Common Shares Cash Accounts Payable Inventory Sales Revenue Cash Dividends Payable

Answer rating: 100% (QA)

1 The company borrowed 250000 from the bank not correct 2 ... View the full answer