Question: How to do the SE 2-7?? I really need a clearly answer... thx E2-6. Kecording iransactions with the Accounting Equation During the yer, the Decker
E2-6. Kecording iransactions with the Accounting Equation During the yer, the Decker Company expe- L2 rienced the following accounting transactions: I. Issued common stock in the amount of $100,000 2. Paid a $30,000 cash dividend 3. Borrowed $25,000 from a bank oty 4. Made a principal payment of $2,500 on an outstanding bank loan 5. Made an interest payment of $1,200 on an outstanding bank loan Using the accounting equation, record each of the transactions in columnar format using the following template: Assets = Liabilities + Stockholders' Equity Cash Notes PayableCommon StockRetained Earnings SE2-7. Posting Transactions to T-accounts Using the data from short exercise SE2-6, prepare journal en- LO5 tries and post your transaction analysis to the appropriate T-accounts
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