Question 2 Record the following economic transactions in the company's general journal: June 1 2...
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Question 2 Record the following economic transactions in the company's general journal: June 1 2 8 16 Issued capital stock for $75,000 cash. Purchased a small office building at a price of $58,000 for the land and $65,000 for the building. Paid $43,000 cash and signed a note payable for the balance. Borrowed $15,000 from the bank. Signed a 60-day note payable for this amount Purchased copying machines, computers, and other office equipment for $19,000. Paid $9,000 cash and signed a note payable for the balance. Sold an item of office equipment (computer) at its cost of $2,800. The buyer paid $800 cash and promised to pay the balance within 30 days. Paid $5,000 towards the liability for the office equipment. 30 Collected $500 from the buyer who had bought the computer. You can upload your answer in a word or excel file. (35 Points) 28 29
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