Make journal entries for each of the following transactions - in good form - with the...
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Make journal entries for each of the following transactions - in good form - with the "to record". A. Steve Stephens opened a new company, Sports R Us on January 1, 2022. He did this by investing $20,000 of his own money in the company in exchange for Common Stock. B. Steve rents a small office next to Dick's Sporting Goods. It is small, but should be fine. It costs $150.00 a month. He pays January rent in cash. C. Steve purchased office equipment on credit at Office Depot in the amount of $5,000. He will be depreciating the equipment over 5 years. Make journal entries for each of the following transactions - in good form - with the "to record". A. Steve Stephens opened a new company, Sports R Us on January 1, 2022. He did this by investing $20,000 of his own money in the company in exchange for Common Stock. B. Steve rents a small office next to Dick's Sporting Goods. It is small, but should be fine. It costs $150.00 a month. He pays January rent in cash. C. Steve purchased office equipment on credit at Office Depot in the amount of $5,000. He will be depreciating the equipment over 5 years.
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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