Question: Part A For the assignment below record the transactions (A -J) as Journal Entries (regular paper is fine). Kendall Corporation began operations on March 1,
Part A For the assignment below record the transactions (A -J) as Journal Entries (regular paper is fine). Kendall Corporation began operations on March 1, 2017 and completed the following transactions during its first month of operations. A. Issued common stock for $100,000 cash. B. Paid $18,000 in cash for a one-year lease on office space. c. Purchased office equipment costing S36,000 by paying $6,000 cash and signing a five-year, 12% note for the balance, interest paid every six months. D. Purchased office supplies on account, $750. E. Sent a bill for $4,500 to a customer for services F. Received $1,000 in cash from a customer for services to G. Paid employees in cash for hours worked, $1,024 performed be performed over the next month H. Paid half of the amount owed for office supplies in I. Received, but did not pay, the monthly telephone bil J. Paid a dividend in cash to owners, $2,000. transaction (D), $375 $275
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