Question: Use the following information to complete the table below. June Company was founded on Jan 1, 2020. Journalize the following transactions (in order): Part a)









Use the following information to complete the table below. June Company was founded on Jan 1, 2020. Journalize the following transactions (in order): Part a) 1,000 shares were issued to the founders valued at $11,000. Part b) 15,000 shares were sold for $12.50 each Part c) A cash dividend of $0.65 was declared. Part d) The cash dividends were paid. Part e) 4,000 shares were issued in exchange for land valued at $44,000. Part f) Closed the Income Summary account which had a credit balance of $155,000. Part c) Part d) Parte). Part f) Part a) (input value) (input value) Common Shares Miscellaneous Expense Unearned Revenue Part b) Common Shares Cash Accounts payable Part b) Common Shares Cash Notes payable Part c) Retained Earnings Cash Dividends payable Part d) Equipment expense Cash Dividends payable Part e) Common shares Land Dividends payable Part f) Income summary Cash Unearned revenue Part ff Retained earnings Cash Income summary
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