Prepare the journal entries for the following transactions: If no entry is required, select No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.
a Bought land for shares with a $ per share market value.
b Paid six months rent in advance for a total of $
c Paid insurance premiums for the year in the amount of $
d Bought a building for $ Paid onefifth in cash and the balance with a year, interest note payable.
e Purchased $ of merchandise inventory on account.
f Paid utilities bill for $
g Sold $ of merchandise inventory for $ on account.
h Collected a $ cash deposit from customers for custom orders.
i Paid salaries and wages of $
j Paid $ on merchandise inventory previously purchased in part e
k Received $ from customers on account.
Declared and paid a $ dividend.
