Question: Borrowed $ 6 , 5 0 0 from a local bank, signing a note due in three years. Sold $ 4 , 0 0 0

Borrowed $6,500 from a local bank, signing a note due in three years.
Sold $4,000 of the investments for $4,000 cash.
Sold one-half of the property and equipment for $2,000 in cash.
Declared $1,800 in cash dividends to stockholders.
Paid dividends to stockholders.
please send me a general journal, general ledger and balance sheet

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!