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Following and the transactions of Dennen inc for the month of January h owed 500 bom...
Following are the transactions of Dennen, Inc., for the month of January. Borrowed $25,000 from a...
Following are the transactions of Dennen, Inc., for the month of January. Borrowed $25,000 from a local bank. Lent $8,600 to an affiliate; accepted a note due in one year. Sold to investors 60 additional shares of stock with a par value of $0.10 per share and a market price of $5 per share; received cash. Purchased $20,500 of equipment, paying $4,400 cash and signing a note for the rest due in one year. Declared and paid $3,000 in dividends...
Following are the transactions of Dennen Inc. for the month of January 2018. The effect of...
Following are the transactions of Dennen Inc. for the month of January 2018. The effect of these transactions is not included in the begininng balances shown. a. Borrowed $30,000 from a local bank. b. Lent $10,000 to an affiliate; accepted a note due in one year. c. Sold 100 additional shares to investors for $500 cash. d. Purchased $15,000 of equipment, paying $5,000 cash and signing a note for the rest due in one year. e. Declared and paid $2,000...
M2-9 Completing T-Accounts LO2-4 Following are the transactions of Dennen, Inc., for the month of January....
M2-9 Completing T-Accounts LO2-4 Following are the transactions of Dennen, Inc., for the month of January. Borrowed $30,000 from a local bank. Lent $10,000 to an affiliate; accepted a note due in one year. Sold to investors 100 additional shares of stock with a par value of $0.10 per share and a market price of $5 per share; received cash. Purchased $15,000 of equipment, paying $5,000 cash and signing a note for the rest due in one year. Declared and...
Following are the transactions of Dennen, Inc., for the month of January. Borrowed $26,500 from a...
Following are the transactions of Dennen, Inc., for the month of
January.
Borrowed $26,500 from a local bank.
Lent $10,000 to an affiliate; accepted a note due in one
year.
Sold to investors 100 additional shares of stock with a par
value of $0.10 per share and a market price of $20 per share;
received cash.
Purchased $31,000 of equipment, paying $5,600 cash and signing a
note for the rest due in one year.
Declared and paid $1,500 in dividends...
Following the transaction of Dennen, Inc for the month of January Borrowed $30,000 from a local...
Following the transaction of Dennen, Inc for the month of January Borrowed $30,000 from a local bank, Lent 10,000 to affiliate due in 1 year, Sold to an investor 100 additional share with a .10 per share and a market price of $5 per share and received cash, Purchased $15,000 on equipment paying $5,000 cash and signing a note for the rest due in 1 year, Declared and paid $2,000 in dividends to stockholders. For each of the above transaction...
Prepare a Trail Balance for Dennen, Inc as of January 31? Follow the transaction of Dennen,...
Prepare a Trail Balance for Dennen, Inc as of January 31? Follow the transaction of Dennen, Inc for the month of January. The effect of these transaction is not included I the beginning balance shown. Borrowed $30,000 from a local bank, Lent 10,000 to affiliate due in 1 year, Sold to an investor 100 additional share with a .10 per share and a market price of $5 per share and received cash, Purchased $15,000 on equipment paying $5,000 cash and...
Question 13 Following the transaction of Dennen, Inc for the month of January Borrowed $30,000 from...
Question 13 Following the transaction of Dennen, Inc for the month of January Borrowed $30,000 from a local bank, Lent 10,000 to affiliate due in 1 year, Sold to an investor 100 additional share with a .10 per share and a market price of $5 per share and received cash, Purchased $15,000 on equipment paying $5,000 cash and signing a note for the rest due in 1 year, Declared and paid $2,000 in dividends to stockholders. Prepare the journal entry...
Dennen Inc. for the month of January, borrowed $30,000 from a local bank, lent 10,000 to...
Dennen Inc. for the month of January, borrowed $30,000 from a local bank, lent 10,000 to affiliate due in 1 year, sold to an investor 100 additional share with a .10 per share and a market price of $5 per share and received cash, purchased $15,000 on equipment paying $5,000 cash and signing a note for the rest due in 1 year, and declared and paid $2,000 in dividends to stockholders. Enter in a T-Account and determine the ending account...
Following are the transactions of JonesSpa Corporation, for the month of January. a. Borrowed $26,500 from...
Following are the transactions of JonesSpa Corporation, for the month of January. a. Borrowed $26,500 from a local bank. b. Lent $8,500 to an affiliate; accepted a note due in one year. c. Sold to investors 80 additional shares of stock with a par value of $0.10 per share and a market price of $15 per share; received cash. d. Purchased $21,500 of equipment, paying $4,700 cash and signing a note for the rest due in one year. e. Declared...
Following are the transactions of JonesSpa Corporation, for the month of January a. Borrowed $26,500 from...
Following are the transactions of JonesSpa Corporation, for the month of January a. Borrowed $26,500 from a local bank. b. Lent $7,100 to an affiliate; accepted a note due in one year. c. Sold to investors 100 additional shares of stock with a par value of $0.10 per share and a market price of $15 per share; received cash. d. Purchased $18,000 of equipment, paying $5,400 cash and signing a note for the rest due in one year. e. Declared...
Following are the transactions of Dennen Inc. for the month of January 2018. The effect of these transactions is not included in the begininng balances shown. a. Borrowed $30,000 from a local bank. b. Lent $10,000 to an affiliate; accepted a note due in one year. c. Sold 100 additional shares to investors for $500 cash. d. Purchased $15,000 of equipment, paying $5,000 cash and signing a note for the rest due in one year. e. Declared and paid $2,000...
Following are the transactions of Dennen, Inc., for the month of
January.
Borrowed $26,500 from a local bank.
Lent $10,000 to an affiliate; accepted a note due in one
year.
Sold to investors 100 additional shares of stock with a par
value of $0.10 per share and a market price of $20 per share;
received cash.
Purchased $31,000 of equipment, paying $5,600 cash and signing a
note for the rest due in one year.
Declared and paid $1,500 in dividends...
Following are the transactions of JonesSpa Corporation, for the month of January. a. Borrowed $26,500 from a local bank. b. Lent $8,500 to an affiliate; accepted a note due in one year. c. Sold to investors 80 additional shares of stock with a par value of $0.10 per share and a market price of $15 per share; received cash. d. Purchased $21,500 of equipment, paying $4,700 cash and signing a note for the rest due in one year. e. Declared...
Following are the transactions of JonesSpa Corporation, for the month of January a. Borrowed $26,500 from a local bank. b. Lent $7,100 to an affiliate; accepted a note due in one year. c. Sold to investors 100 additional shares of stock with a par value of $0.10 per share and a market price of $15 per share; received cash. d. Purchased $18,000 of equipment, paying $5,400 cash and signing a note for the rest due in one year. e. Declared...
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