Question: Full options for journal entry are: No journal entry required Accounts payable Accounts receivable Accured liabilities payable Additional paid-in capital Buildings Cash Common stock Dividends
Full options for journal entry are:
No journal entry required
Accounts payable
Accounts receivable
Accured liabilities payable
Additional paid-in capital
Buildings
Cash
Common stock
Dividends payable
Equipment
Intangible
Inventories
Land
Long-term investments
Mortgage notes payable
Notes payable (long term)
Notes payable (short term)
Notes receivable (Long term)
Notes receivable (short term)
Other current assets
Other non current assets
Retained earnings
Short-term investments
Store fixtures





Jameson Corporation was organized on May 1. The following events occurred during the first month. a. Received $69,000 cash from the five investors who organized Jameson Corporation. Each investor received 104 shares of $10 par value common stock. b. Ordered store fixtures costing $15,000 C. Borrowed $12,000 cash and signed a note due in two years. d. Purchased $21,000 of equipment, paying $1,600 in cash and signing a six-month note for the balance. e. Lent $1,600 to an employee who signed a note to repay the loan in three months. 1. Received and paid for the store fixtures ordered in (b). Required: Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction ist Journal entry worksheet 2 3 4 5 6 > Record the receipt of $69,000 cash from five investors who each received 104 shares of $10 par value common stock. Note: Enter debits before credits. Transaction General Journal Debit Credit View transaction list Journal entry worksheet 1 2 3 5 6 > Record the $15,000 order of store fixtures. Note: Enter debits before credits. General Journal Debit Credit Transaction b. View transaction list Journal entry worksheet Record the receipt of the $12,000 cash borrowed on a two-year note. Note: Enter debits before credits. Transaction General Journal Debit Credit View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the $21,000 purchase of equipment paid for with $1,600 in cash and a six-month note for the balance. Note: Enter debits before credits. General Journal Debit Credit Transaction d. View transaction list Journal entry worksheet Record $1,600 loan to an employee who signed a note due in three months. Note: Enter debits before credits. Transaction General Journal Debit Credit View transaction list Journal entry worksheet
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