Homework Answers
| Journal Entries | |||||
| Events | Particulars | Debit | Credit | ||
| a) | Dividends | $ 1,489.00 | |||
| To Dividends Payable | $ 1,489.00 | ||||
| b) | No journal entry required | ||||
| c) | Dividends Payable | $ 760.00 | |||
| To Cash | $ 760.00 | ||||
| d) | Cash | $ 5,545.00 | |||
| To Loan from Bank | $ 5,545.00 | ||||
| e) | Cash | $ 155.00 | |||
| To Equipment | $ 155.00 | ||||
| f) | Equipment | $ 2,335.00 | |||
| To Cash | $ 2,180.00 | ||||
| To Note Payable | $ 155.00 | ||||
| g) | Investment | $ 2,280.00 | |||
| To Cash | $ 2,280.00 | ||||
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