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Dash Ltd, engaged in various transactions during the month of September...

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Accounting

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Dash Ltd, engaged in various transactions during the month of September a. Bought $5,200 of office supplies on account b. Borrowed $30.000 for the Big Bank at the beginning of the month and agreed to pay the loan back in one year, plus interest at 10% This is the market interest rate c Bought inventory for resale with an invoice price of $143,000 on account d. The September hydro bill for $2,600 artived but is not due until October e Declared a cash dividend of $15 per preferred share and $0.50 per common share payable 16 October. There are 4,000 preferred shares and 10.000 common shares outstanding 1. Returned goods with an invoice price of $35.200 to the supplier in (c) 9 Paid the supplier in (c)50% the net amount owing n Accrued interest on the bank loan at the end of the month Accrued monthly rent of $2,400 for September to be paid in October Required: 1 Journalize each of the above transactions Use a general accounts payable account in journal entries except for loans interest and dividends payable (If no entry is required for a transaction event, select "No journal entry required in the first account field. Do not round intermediate calculations.)

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