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Journal entry worksheet 2 3 Business Sim Corp. (BSC) issued 2,000 common shares to Kelly in...
Required information Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in exchange for $11,000....
Required information Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in exchange for $11,000. BSC borrowed $32,000 from the bank, promising to repay it in two years. BSC paid $37,000 for computer equipment with check number 101 and signed a note for $4,000 due in six months. BSC received $550 of supplies purchased on account. BSC's loan contains a clause ("covenant") that requires BSC to maintain a ratio of current assets to current liabilities of at least 1.3....
Business Sim Corp. (BSC) issued 2,000 common shares to Kelly In exchange for $27,000. BSC borrowed...
Business Sim Corp. (BSC) issued 2,000 common shares to Kelly In exchange for $27,000. BSC borrowed $48.000 from the bank, promising to repay it in two years. BSC paid $53,000 for computer equipment with check number 101 and signed a note for $8,000 due in six months. BSC received $1,350 of supplies purchased on account. BSC's loan contains a clause "covenant) that requires BSC to maintain a ratio of current assets to current liabilities of at least 24 E2-15 Part...
Business Sim Corp. (BSC) issued 2,000 common shares to Kelly In exchange for $27,000. BSC borrowed...
Business Sim Corp. (BSC) issued 2,000 common shares to Kelly In exchange for $27,000. BSC borrowed $48,000 from the bank, promising to repay it in two years. BSC paid $53,000 for computer equipment with check number 101 and signed a note for $8,000 due in six months. BSC received $1,350 of supplies purchased on account. BSC's loan contains a clause ("covenant") that requires BSC to maintain a ratio of current assets to current liabilities of at least 2.4 E2-15 Part...
Business Sim Corp. (BSC) issued 2,000 common shares to Kelly in exchange for $27,000. BSC borrowed...
Business Sim Corp. (BSC) issued 2,000 common shares to Kelly in exchange for $27,000. BSC borrowed $48,000 from the bank, promising to repay it in two years. BSC paid $53,000 for computer equipment with check number 101 and signed a note for $8,000 due in six months. BSC received $1,350 of supplies purchased on account. BSC's loan contains a clause ("covenant) that requires BSC to maintain a ratio of current assets to current liabilities of at least 2.4. E2-15 Part...
Journal entry worksheet 1 Record the issuance of 240,000 shares of common stock with a $1...
Journal entry worksheet 1 Record the issuance of 240,000 shares of common stock with a $1 par value for a price of $27 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 2 Record the purchase of 5,400 previously issued shares of common stock for a price of $28 per share. Note: Enter debits before credits. Transaction General Journal DebitCredit Record entry Clear entry View general journal
Journal entry worksheet 2 Record the issuance of 6,600 shares of common stock with a par...
Journal entry worksheet 2 Record the issuance of 6,600 shares of common stock with a par value $2 for a price of $26 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit а Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the issuance of 2,600 shares of common stock with a par value $2 for a price of $29 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit b...
Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in exchange for $10,000. BSC borrowed...
Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in
exchange for $10,000. BSC borrowed $31,000 from the bank, promising
to repay it in two years. BSC paid $36,000 for computer equipment
with check number 101 and signed a note for $3,000 due in six
months. BSC received $500 of supplies purchased on account. BSC’s
loan contains a clause (“covenant”) that requires BSC to maintain a
ratio of current assets to current liabilities of at least
1.4.
Required information...
Journal entry worksheet 1 2 3 4 BSC borrowed $48,000 from the bank, promising to repay...
Journal entry worksheet 1 2 3 4 BSC borrowed $48,000 from the bank, promising to repay it in two years. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
Required information Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in exchange for $10,000....
Required information
Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in
exchange for $10,000. BSC borrowed $31,000 from the bank, promising
to repay it in two years. BSC paid $36,000 for computer equipment
with check number 101 and signed a note for $3,000 due in six
months. BSC received $500 of supplies purchased on account. BSC’s
loan contains a clause (“covenant”) that requires BSC to maintain a
ratio of current assets to current liabilities of at least 1.4....
Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in exchange for $12,000. BSC borrowed...
Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in exchange for $12,000. BSC borrowed $30,000 from the bank, promising to repay it in two years. BSC purchased computer equipment for $40,000, signing a six-month note for $5,000, and paying the balance with check number 101. BSC received $900 of supplies purchased on account. BSC’s loan contains a clause (“covenant”) that requires BSC to maintain a ratio of current assets to current liabilities of at least 1.3. Calculate the...
Required information Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in exchange for $11,000. BSC borrowed $32,000 from the bank, promising to repay it in two years. BSC paid $37,000 for computer equipment with check number 101 and signed a note for $4,000 due in six months. BSC received $550 of supplies purchased on account. BSC's loan contains a clause ("covenant") that requires BSC to maintain a ratio of current assets to current liabilities of at least 1.3....
Business Sim Corp. (BSC) issued 2,000 common shares to Kelly In exchange for $27,000. BSC borrowed $48.000 from the bank, promising to repay it in two years. BSC paid $53,000 for computer equipment with check number 101 and signed a note for $8,000 due in six months. BSC received $1,350 of supplies purchased on account. BSC's loan contains a clause "covenant) that requires BSC to maintain a ratio of current assets to current liabilities of at least 24 E2-15 Part...
Business Sim Corp. (BSC) issued 2,000 common shares to Kelly In exchange for $27,000. BSC borrowed $48,000 from the bank, promising to repay it in two years. BSC paid $53,000 for computer equipment with check number 101 and signed a note for $8,000 due in six months. BSC received $1,350 of supplies purchased on account. BSC's loan contains a clause ("covenant") that requires BSC to maintain a ratio of current assets to current liabilities of at least 2.4 E2-15 Part...
Business Sim Corp. (BSC) issued 2,000 common shares to Kelly in exchange for $27,000. BSC borrowed $48,000 from the bank, promising to repay it in two years. BSC paid $53,000 for computer equipment with check number 101 and signed a note for $8,000 due in six months. BSC received $1,350 of supplies purchased on account. BSC's loan contains a clause ("covenant) that requires BSC to maintain a ratio of current assets to current liabilities of at least 2.4. E2-15 Part...
Journal entry worksheet 1 Record the issuance of 240,000 shares of common stock with a $1 par value for a price of $27 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 2 Record the purchase of 5,400 previously issued shares of common stock for a price of $28 per share. Note: Enter debits before credits. Transaction General Journal DebitCredit Record entry Clear entry View general journal
Journal entry worksheet 2 Record the issuance of 6,600 shares of common stock with a par value $2 for a price of $26 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit а Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the issuance of 2,600 shares of common stock with a par value $2 for a price of $29 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit b...
Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in
exchange for $10,000. BSC borrowed $31,000 from the bank, promising
to repay it in two years. BSC paid $36,000 for computer equipment
with check number 101 and signed a note for $3,000 due in six
months. BSC received $500 of supplies purchased on account. BSC’s
loan contains a clause (“covenant”) that requires BSC to maintain a
ratio of current assets to current liabilities of at least
1.4.
Required information...
Journal entry worksheet 1 2 3 4 BSC borrowed $48,000 from the bank, promising to repay it in two years. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
Required information
Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in
exchange for $10,000. BSC borrowed $31,000 from the bank, promising
to repay it in two years. BSC paid $36,000 for computer equipment
with check number 101 and signed a note for $3,000 due in six
months. BSC received $500 of supplies purchased on account. BSC’s
loan contains a clause (“covenant”) that requires BSC to maintain a
ratio of current assets to current liabilities of at least 1.4....
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