Question

I need help on how to journal these entries. I am so lost on where to even begin.

Documenti Word Aalboete AaBbcc AaBbc Aabbcc AaB AaBbccc Abod Aaben abc Normal 1 No Space Heading! Heading 2 Title Subtitle Subtle Em Emphasis Intense Please use excel to journalize the following five questions: 1. On January 1, 20xx, ABC Company purchased a truck for $10,000 using cash. 2. ABC Company took out a loan to $25,000 to purchase a building. The building cost $20,000 and the remaining $5,000 was put into ABC's checking accounting to fund future repairs. The transactions occurred on February 13, 20sx. 3. ABC Company was started with its two owners contributed $100,000 in cash in exchange for 75,000 shares of $1 par stock 4. ABC paid a dividend of $5,000 to its shareholders on December 15, 20xx 5. ABC earned $250,000 worth of revenue in a single sale on July 15, 20xx. The sales were sold on credit (accounts receivable), except for $10,000 in cash which the client paid.

Answer 1

Events	Particulars			Debit	Credit
3)	Cash			$ 100,000.00
	To Common Stock				$   75,000.00
	To PIC in excess of par				$   25,000.00
1)	Truck			$   10,000.00
	To Cash				$   10,000.00
2)	Building			$   20,000.00
	Bank			$     5,000.00
	To Loan				$   25,000.00
5)	Cash			$   10,000.00
	Accounts Receivable			$ 240,000.00
	To Sales Revenue				$ 250,000.00
4)	Dividend			$     5,000.00
	To Cash				$     5,000.00