A | Cash | 13,500 | |
Common stock | 13,500 | ||
B | cash | 10,500 | |
Note payable | 10,500 | ||
C | Equipment | 1150 | |
Accounts Payable | 1150 | ||
D | land | 19,000 | |
Cash | 1,700 | ||
Notes payable | 17,300 | ||
E | Equipment | 6500 | |
Cash | 1,700 | ||
Accounts Payable | 4800 |
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Help Save & Exit Submit Check my work The following events occurred for Favata Company: a....
The following events occurred for Favata Company. a. Received $17,500 cash from owners and issued stock to them. b. Borrowed $14,500 cash from a bank and signed a note due later this year. c. Bought and received $1,550 of equipment on account. d. Purchased land for $27000; paid $2.500 in cash and signed a long-term note for $24.500. e. Purchased $10,500 of equipment; paid $2.500 in cash and charged the rest on account Required: For each of the events in...
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