Question: Selected transactions for Windsor, Inc. during its first month in business are as follows. Sept. 1 Stockholders invested $11,800 cash in the business in exchange


Selected transactions for Windsor, Inc. during its first month in business are as follows. Sept. 1 Stockholders invested $11,800 cash in the business in exchange for common stock. 5 Purchased equipment for $14,000 paying $4,900 in cash and the balance on account. 25 Paid $1,890 cash on balance owed for equipment. 30 Declared and paid a $840 cash dividend. Windsor's chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 311 Common Stock, and No. 332 Dividends. (a) Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter Of for the amounts.) Date Account Titles and Explanation Debit Credit Selected transactions for Windsor, Inc. during its first month in business are as follows. Sept. 1 Stockholders invested $11,800 cash in the business in exchange for common stock. 5 Purchased equipment for $14,000 paying $4,900 in cash and the balance on account. 25 Paid $1,890 cash on balance owed for equipment. 30 Declared and paid a $840 cash dividend. Windsor's chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 311 Common Stock, and No. 332 Dividends. (a) Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter Of for the amounts.) Date Account Titles and Explanation Debit Credit
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