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Posting Transactions to T-accounts During the year, the Decker Company experienced the following accounting transactions: 1. Issued common stock in the amount of $120,000 2. Paid a $36,000 cash dividend 3. Borrowed $30,000 from a bank 4. Made a principal payment of $3,000 on an outstanding bank loan 5. Made an interest payment of $1,440 on an outstanding bank loan Prepare journal entries and post your transaction analysis to the appropriate T-accounts. HINT: When posting the journal entries to the T-accounts, enter them in order. General Journal Ref. Description Debit Credit Cash Common stock + 120000 2. Retained earnings 45000 Cash 0 45000 Cash 30000 Notes payable Notes payable 3000 Cash 3000 Retained earnings Cash 440 1. 120000 0 0 . 0 3. 0 + 0 30000 0 0 5 1440 0 0 Cash Noten Payable 0 0 0 0 0 LO 5. 0 Cash 1440 Cash Notes Payable O 0 0 0 0 0 0 0 Retained Earnings 0 0 Common Stock 0 0 0 0 0 Please answer all parts of the question Previous B Save Answers