Question

Complete the journal entries for the following nine transactions. **Very Important Note** Read the names in the drop-down menus carefully. For example, the "Supplies" and "Supplies Expense" accounts are not the same. On October 1, Wolfpack issued shares of common stock to investors in exchange for $45,000 in cash. Date Account Name Debit Credit 45000 Oct 1 45000 On October 2, Wolfpack purchased equipment for $8,000 cash. Date Account Name Oct 2 Debit Credit 8000 8000 On October 4, Wolfpack borrowed $6,000 from First City Bank by signing a one-year, 10% note. Date Account Name Oct 4 Debit Credit 6000 6000 On October 5, Wolfpack purchased supplies costing $400 on account. Debit Credit Date Account Name oct 5 400 400

Answer 1

Date 11 Mo Tu We Th Fr Sa su Date Account name Oct, Cash - To Share capital Debit 4500 o Creat 45000 Date Octa. Debut Credit Account name Equipment - To cash Scero 8000 brecht Date Octy Account name Bank To loil note payable Debet 6000 6000 Date Oct 5 Credit Account name Purchase To Bank Debit 400 400