Business
Business, 19.09.2019 00:00, mckayboyd1

Efollowing events occurred for favata company: a. received $16,500 cash from owners and issued stock to them. b. borrowed $13,500 cash from a bank and signed a note due later this year. c. bought and received $1,450 of equipment on account. d. purchased land for $25,000; paid $2,300 in cash and signed a long-term note for $22,700.e. purchased $9,500 of equipment, paid $2,300 in cash and charged the rest on account. required: for each of the events in above, prepare journal entries. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

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Efollowing events occurred for favata company: a. received $16,500 cash from owners and issued stock...

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