C. JOURNAL ENTRIES: AFTER EVERY TRANSACTION A=L+OE and Dr=Cr Examples of Transactions 1.Co. Issues $50,000...
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C. JOURNAL ENTRIES: AFTER EVERY TRANSACTION A=L+OE and Dr=Cr Examples of Transactions 1.Co. Issues $50,000 of its own Common Stock to the public. 2.Co. buys Land for $6,000 3.Co. buys $1,000 of office supplies on account 4.Co. performs a service for $2,000 cash 5.Co. performs a service valued at $2,500 but is not paid yet 6.Co. pays employee salaries of $4,000 7.Co. pays rent of $1,500 8.Co. collects cash from the previous credit of a service provided (See \#5) 9.Co. sells a piece of equipment for $2,000 10.Co. Declares and pays a cash dividend of $800
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C. JOURNAL ENTRIES: AFTER EVERY TRANSACTION A=L+OE and Dr=Cr Examples of Transactions 1.Co. Issues $50,000 of its own Common Stock to the public. 2.Co. buys Land for $6,000 3.Co. buys $1,000 of office supplies on account 4.Co. performs a service for $2,000 cash 5.Co. performs a service valued at $2,500 but is not paid yet 6.Co. pays employee salaries of $4,000 7.Co. pays rent of $1,500 8.Co. collects cash from the previous credit of a service provided (See \#5) 9.Co. sells a piece of equipment for $2,000 10.Co. Declares and pays a cash dividend of $800 