Q1 from note The following events occurred during the first month of business of Fedex: 1. Issued common stock to shareholders in exchange for $30,000 cash. 2. Purchased $2,800 of equipment on account (to be paid in 30 days). 3. Interviewed three people for the position of financial analyst. Journalize these transactions.

Answer rating: 100% (QA)

Sol Journal entries for the transactions 1 Date Account Dr Cr Cash 30000 Com... View the full answer