Question: Selected transactions for Bramble Corp. during its first month in business are presented below: Sept. 1 Issued common stock in exchange for $ 44,000 cash
Selected transactions for Bramble Corp. during its first month in business are presented below:
Sept. 1 Issued common stock in exchange for $ 44,000 cash received from investors.
Sept 5 Purchased equipment for $ 21,400, paying $ 2,100 in cash and the balance on account.
Sept 25 Paid $ 6,500 cash on balance owed for equipment.
Sept 30 Paid $ 1,900 cash dividend.
Selected transactions for Bramble Corp. during its first month in business are presented below:
Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)
Date Account Titles and Explanation Debit Credit
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