Question: please answer the second question!! E2-45 about recording transactions using journal entries and t accounts. thank you! Balance Sheet Noncash - Liabil- Contrib. Assets -
please answer the second question!! E2-45 about recording transactions using journal entries and t accounts. thank you! Balance Sheet Noncash - Liabil- Contrib. Assets - ities Capital Earned Capital Revenues - Net Expenses = Income Cash Asset ansaction ) Receive 50,000 in exchange for common stock. 2) Borrow 10,000 from bank. (3) Purchase 2,000 of supplies inventory on credit. (4) Receive 15,000 cash from customers for services provided. (5) Pay 2,000 cash to supplier in transaction 3. IIIIIIIIIIIIII (6) Receive order for future services with 3,500 advance payment. (7) Pay 5,000 cash dividend to shareholders. (8) Pay employees 6,000 cash for compensation earned. (9) Pay 500 cash for interest on loan in transaction 2 Totals LO6 E2-45. Recording Transactions Using Journal Entries and T-Accounts Use the information in Exercise 2-44 to complete the following a. Prepare journal entries for each of the transactions (1) through (9). b. Set up T-accounts for each of the accounts used in part a and post the journal entries to T-accounts. (The T-accounts will not have opening balances.) E2-46. Constructino Rolanen LO1,7
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