Question: Summarize the journal entry effects from requirement 2 using T-scoounts. (Mention Debit and Credit on the correst fides along with the totals] Marshal lnc. was

![Debit and Credit on the correst fides along with the totals] Marshal](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669ff1eeb8353_189669ff1ede502e.jpg)

Summarize the journal entry effects from requirement 2 using T-scoounts. (Mention Debit and Credit on the correst fides along with the totals] Marshal lnc. was incorporated as a private company in Germany. During the month of September, the company had the following transactions: a. Borrowed \$106, 000 cash from a local bank, payable in two years. b. Bought a factory building for \$198,000; paid $90,000 in cash and signed a three-year note for the balan, c. Paid cash for equipment that cost $216,000. d Purchased supplies for $32,400 on account. Bequited: PART 1 Analyze transactions ()() to determine their effects on the accounting equation. [Enter any degreases to acicount balances with a minus sign. J PART 2 Record the transaction effects determined in requirement 1 using a journal enry format. (If no entry is required for a transactiondevent, select "No journal entry required" in the first account field.J Reoord the tranaction Effects determined in requirement Tusing a journal entry format. (lif no entry is required for a transactionlewent, s,ellect "ho journal entry required" in the first account field.] PART 3 Summarize the journal entry effects from requirement 2 wsirng T-acoount. (Mention Debit and Credit on the correct sides along y ith the totals] Summarize the journal entry effects from requirement 2 using T-scoounts. (Mention Debit and Credit on the correst fides along with the totals] Marshal lnc. was incorporated as a private company in Germany. During the month of September, the company had the following transactions: a. Borrowed \$106, 000 cash from a local bank, payable in two years. b. Bought a factory building for \$198,000; paid $90,000 in cash and signed a three-year note for the balan, c. Paid cash for equipment that cost $216,000. d Purchased supplies for $32,400 on account. Bequited: PART 1 Analyze transactions ()() to determine their effects on the accounting equation. [Enter any degreases to acicount balances with a minus sign. J PART 2 Record the transaction effects determined in requirement 1 using a journal enry format. (If no entry is required for a transactiondevent, select "No journal entry required" in the first account field.J Reoord the tranaction Effects determined in requirement Tusing a journal entry format. (lif no entry is required for a transactionlewent, s,ellect "ho journal entry required" in the first account field.] PART 3 Summarize the journal entry effects from requirement 2 wsirng T-acoount. (Mention Debit and Credit on the correct sides along y ith the totals]
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
