Following the transaction of Dennen, Inc for the month of January
Borrowed $25,000 from a local bank.
Lent $8,500 to an affiliate; accepted a note due in one year.
Sold to investors 70 additional shares of stock with a par value of $0.10 per share and a market price of $5 per share; received cash. Purchased $25,000 of equipment, paying $10,100 cash and signing a note for the rest due in one year. Declared $4,000 in cash dividends to stockholders, to be paid in February.
Required:
Prepare the journal entry record each of the above transaction for the month of January.
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 23:00, astultz309459
Abeverage company puts game pieces under the caps of its drinks and claims that one in six game pieces wins a prize. the official rules of the contest state that the odds of winning a prize are is the claim "one in six game pieces wins a prize" correct? why or why not? 1: 6.
Answers: 1
Business, 22.06.2019 23:30, phillipselijah2
Match the different financial tasks to their corresponding financial life cycle phases wealth protection, wealth accumulation and wealth distribution
Answers: 3
Do you know the correct answer?
Following the transaction of Dennen, Inc for the month of January
Borrowed $25,000 from a local ban...
Questions in other subjects:
Social Studies, 21.08.2019 01:40
Chemistry, 21.08.2019 01:40
English, 21.08.2019 01:40
Social Studies, 21.08.2019 01:40
