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Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities...
Required information [The following information applies to the questions displayed below. Griffin Service Company, Inc., was...
Required information [The following information applies to the questions displayed below. Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year: a. Received $70,000 cash from the six investors; each investor was issued 8,400 shares of common stock with a par value of $0.10 per share. b. Purchased equipment for use in the business at a cost of $18,000; one-fourth was paid in cash and the company signed a note...
Required information [The following information applies to the questions displayed below.] Griffin Service Company, Inc., was...
Required information [The following information applies to the questions displayed below.] Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year: a. Received $87,000 cash from the six investors; each investor was issued 10,100 shares of common stock with a par value of $0.10 per share. b. Purchased equipment for use in the business at a cost of $35,000; one-fourth was paid in cash and the company signed a note...
Required information [The following information applies to the questions displayed below.) Griffin Service Company, Inc., was...
Required information [The following information applies to the questions displayed below.) Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year: a. Received $81,000 cash from the six investors; each investor was issued 9,500 shares of common stock with a par value of $0.10 per share. b. Purchased equipment for use in the business at a cost of $29,000; one-fourth was paid in cash and the company signed a note...
Required information (The following information applies to the questions displayed below.) Griffin Service Company, Inc., was...
Required information (The following information applies to the questions displayed below.) Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year: a. Received $88,000 cash from the six investors; each investor was issued 10,200 shares of common stock with a par value of $0.20 per share. b. Purchased equipment for use in the business at a cost of $36,000; one-fourth was paid in cash and the company signed a note...
Griffin Service Company INC 0 Required information (The following information applies to the questions displayed below.)...
Griffin Service Company INC
0 Required information (The following information applies to the questions displayed below.) Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year a. Received $86,000 cash from the six investors; each investor was issued 10,000 shares of common stock with a par value of $0.10 per share. b. Purchased equipment for use in the business at a cost of $34,000; one-fourth was paid in cash and...
Required information [The following information applies to the questions displayed below.) 2 Griffin Service Company, Inc.,...
Required information [The following information applies to the questions displayed below.) 2 Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year: a. Received $89,000 cash from the six investors, each investor was issued 10,300 shares of common stock with a par value of $0.10 per share. b. Purchased equipment for use in the business at a cost of $37,000; one-fourth was paid in cash and the company signed a...
[The following information applies to the questions displayed below.] Griffin Service Company, Inc., was organized by...
[The following information applies to the questions displayed below.] Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year: Received $79,000 cash from the six investors; each investor was issued 9,300 shares of common stock with a par value of $0.10 per share. Purchased equipment for use in the business at a cost of $27,000; one-fourth was paid in cash and the company signed a note for the balance (due...
[The following information applies to the questions displayed below.) Griffin Service Company, Inc., was organized by...
[The following information applies to the questions displayed below.) Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year: a. Received $88,000 cash from the six investors; each investor was issued 10,200 shares of common stock with a par value of $0.20 per share. b. Purchased equipment for use in the business at a cost of $36,000; one-fourth was paid in cash and the company signed a note for the...
Required information E2-9 (Algo) Analyzing the Effects of Transactions in T-Accounts LO2-4 [The following information applies...
Required information E2-9 (Algo) Analyzing the Effects of Transactions in T-Accounts LO2-4 [The following information applies to the questions displayed below.] Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year: a. Received $86,000 cash from the six investors; each investor was issued 10,000 shares of common stock with a par value of $0.10 per share. b. Purchased equipment for use in the business at a cost of $34,000; one-fourth...
Cash Notes Receivable 0 Beg. Bal. 0 Beg. Bal. (a) (b) (c) End. Bal. (b) (c)...
Cash Notes Receivable 0 Beg. Bal. 0 Beg. Bal. (a) (b) (c) End. Bal. (b) (c) End. Bal. Equipment 0 Land Beg. Bal. (a) Beg. Bal. 0 End. Bal. End. Bal. Notes Payable Common Stock Beg. Bal. 0 Beg. Bal. 0 5 End. Bal. End. Bal. Additional Paid-in Capital 0 Beg. Bal. End. Bal. E2-9 (Algo) Analyzing the Effects of Transactions in T-Accounts LO2-4 (The following information applies to the questions displayed below.) Griffin Service Company, Inc., was organized by...
Required information [The following information applies to the questions displayed below. Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year: a. Received $70,000 cash from the six investors; each investor was issued 8,400 shares of common stock with a par value of $0.10 per share. b. Purchased equipment for use in the business at a cost of $18,000; one-fourth was paid in cash and the company signed a note...
Required information [The following information applies to the questions displayed below.] Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year: a. Received $87,000 cash from the six investors; each investor was issued 10,100 shares of common stock with a par value of $0.10 per share. b. Purchased equipment for use in the business at a cost of $35,000; one-fourth was paid in cash and the company signed a note...
Required information [The following information applies to the questions displayed below.) Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year: a. Received $81,000 cash from the six investors; each investor was issued 9,500 shares of common stock with a par value of $0.10 per share. b. Purchased equipment for use in the business at a cost of $29,000; one-fourth was paid in cash and the company signed a note...
Required information (The following information applies to the questions displayed below.) Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year: a. Received $88,000 cash from the six investors; each investor was issued 10,200 shares of common stock with a par value of $0.20 per share. b. Purchased equipment for use in the business at a cost of $36,000; one-fourth was paid in cash and the company signed a note...
Griffin Service Company INC
0 Required information (The following information applies to the questions displayed below.) Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year a. Received $86,000 cash from the six investors; each investor was issued 10,000 shares of common stock with a par value of $0.10 per share. b. Purchased equipment for use in the business at a cost of $34,000; one-fourth was paid in cash and...
Required information [The following information applies to the questions displayed below.) 2 Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year: a. Received $89,000 cash from the six investors, each investor was issued 10,300 shares of common stock with a par value of $0.10 per share. b. Purchased equipment for use in the business at a cost of $37,000; one-fourth was paid in cash and the company signed a...
[The following information applies to the questions displayed below.) Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year: a. Received $88,000 cash from the six investors; each investor was issued 10,200 shares of common stock with a par value of $0.20 per share. b. Purchased equipment for use in the business at a cost of $36,000; one-fourth was paid in cash and the company signed a note for the...
Required information E2-9 (Algo) Analyzing the Effects of Transactions in T-Accounts LO2-4 [The following information applies to the questions displayed below.] Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year: a. Received $86,000 cash from the six investors; each investor was issued 10,000 shares of common stock with a par value of $0.10 per share. b. Purchased equipment for use in the business at a cost of $34,000; one-fourth...
Cash Notes Receivable 0 Beg. Bal. 0 Beg. Bal. (a) (b) (c) End. Bal. (b) (c) End. Bal. Equipment 0 Land Beg. Bal. (a) Beg. Bal. 0 End. Bal. End. Bal. Notes Payable Common Stock Beg. Bal. 0 Beg. Bal. 0 5 End. Bal. End. Bal. Additional Paid-in Capital 0 Beg. Bal. End. Bal. E2-9 (Algo) Analyzing the Effects of Transactions in T-Accounts LO2-4 (The following information applies to the questions displayed below.) Griffin Service Company, Inc., was organized by...
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