Question: How do I create T-accounts for these three transactions from the company's perspective? April 1, 2020: Tim invests $50,000 cash into the company for capital
How do I create T-accounts for these three transactions from the company's perspective?
April 1, 2020: Tim invests $50,000 cash into the company for capital stock.
May 30, 2020: Company gets $500,000 loan from a bank to be paid back in May 2021.
December 31, 2020: Company records salaries of $5,000 during December 17-31 to be paid in January 2021.
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