Question: Journal entry worksheet Signed a short-term note to borrow $12 cash. Record the transaction. Note: Enter debits before credits. Southern Allen interiors incorporated is a





Journal entry worksheet Signed a short-term note to borrow $12 cash. Record the transaction. Note: Enter debits before credits. Southern Allen interiors incorporated is a leading manufacturer and retaller of home furnishings in the United States and abrood. The following is adepted from Southern Allen's June 30, 2019, trial balance. (The amounts shown represent millons of dollars. Assume that the following events occurred in the following quarter. a. Paid $50 cash for additional inventory. b. hisued additional shares of common steck for $30 in cast. C. Purchosod equipment for \$240; paid \$115 in cash and signed a note to pay the remaining $125 in two yoars. d signed a short term note to borrow 512cosh e. Conducted negotiations to purchase a sawmill, which is erpected to cost 544 PA2-3 (Algo) Part 3 3. Record the vamsaction effects determined in part 2 using joumal enties. of no entry is required for a transaction/event, select Wo Journal Entry Required" in the first account field, Enter your answers in miltions (i.e, 10,000,000 should be entered as 10)] Journal entry worksheet 5 Issued additional shares of common stock for $30 in cash. Record the transaction. Note: Enter debits before credits. Journal entry worksheet Conducted negotiations to purchase a sawmill, which is expected to cost $44. Record the transaction. Note: Enter debits before credits. Journal entry worksheet 5 Purchased equipment for $240; paid $115 in cash and signed a note to pay the remaining $125 in two years. Record the transaction. Note: Enter debits before credits
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