Question: Old MathJax webview question 4 from cash, equipment, acc payable, common stock, and divident pls Show Attempt History Current Attempt in Progress Selected transactions for
Old MathJax webview


question 4 from cash, equipment, acc payable, common stock, and divident pls
Show Attempt History Current Attempt in Progress Selected transactions for Kingbird, Inc. during its first month in business are as follows. Sept. 1 Stockholders invested $11,700 cash in the business in exchange for common stock. 5 Purchased equipment for $11,100 paying $5,700 in cash and the balance on account 25 Paid $2.230 cash on balance owed for equipment. 30 Declared and paid a $720 cash dividend. Kingbird's chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 311 Common Stock, and No. 332 Dividends. Question 4 of 5 1.5/3 Cash No. 101 Date Explanation Ref. Debit Credit Balance J1 J1 J1 J1 Equipment No. 157 Date Explanation Ref. Debit Credit Balance J1 Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance J1 J1 Common Stock No. 311 Date Explanation Ref. Debit Credit Balance J1 Dividends No. 332 Date Explanation Ref. Debit Credit Balance 31
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