Question: what i have is correct im just missing some things but not sure what it is Use the horizontal model or write the journal entry

what i have is correct im just missing some things but not sure what it is  what i have is correct im just missing some things but
not sure what it is Use the horizontal model or write the

Use the horizontal model or write the journal entry for each of the following transactions and adjustments that occurred during the first year of operations at kissick Co a.issued 210,000 shares of $7.par-value common stock for $1470,000 in cash b. Borrowed $530,000 from Oglesby National Bank and signed a 14% note due in two years. C. Incurred and paid $390,000 in salaries for the year. d. Purchased $690,000 of merchandise Inventory on account during the year e. Sold inventory costing $590,000 for a total of $990,000, all on credit t. Paid rent of $220,000 on the sales facilities during the first 11 months of the year 9. Purchased $130,000 of store equipment paying $53,000 in cash and agreeing to pay the difference within 90 days h. Paid the entire $77,000 owed for store equipment and $630,000 of the amount due to suppliers for credit purchases previously recorded Incurred and paid this expense of $40,000 during the year 1. Collected $825.000 in cash from customers during the year for credit sales previously recorded. K. At year-end, accrued $74.200 of interest on the note due to Oglesby National Bank L. At year-end, accrued $20,000 of past-duo December rent on the sales facilities Required: a. Record each transaction in the appropriate columns Indicate the financial statement effect. Pin Complete this question by entering your answers in the tabs below. Required A Record each transaction in the appropriate columns. Indicate the financial statement effect. {Enter decreases with a minus sign to indicate a negative financial statement that ASSETS LIABILITIES Transaction Acco Marchandise Receivable. STOCKHOLDERS EQUITY Comme Stock 1.470.000 Account Payable Equipment Payable Cash 1.470.000 530,000 0.000) $30,000 320.000 0,000 690.000 990000 220.000) 1220.000 03.000) 1707 000) vanil 0 h 130.000 77.000 (707.000) GA Next > Required: a. Record each transaction in the appropriate columns. Indicate the financial statement effect Complete this question by entering your answers in the tabs below. Required A Record each transaction in the appropriate columns. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate negative financial statement effect.) ASSETS LIABILITIES STOCKHOLDERS EQUITY Het income - Revenge Epe Transaction Account Merchandise Notes Accounts Common Cash Recebe inventory Equipment Payable Payable Stock a 1,470,000 1.470.000 530,000 30,000 (390,000) 1380.000) 690,000 600,000 990,000 990.000 (220.000 (220.000) (53.000) 0 130,000 77.000 (707.000 11 (707.000) (40,000) 825.000 (40.000 (825,000) 74.200 20,000 154.200+ 1415.000 690.000 165,000 130,000 530,000 990.000 1.470,000 850.000 Prey 1 of 4 !!! Next >

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