Jiang Framers engaged in the following transactions: a. Purchased land for $15,200 cash b. Purchased...
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Jiang Framers engaged in the following transactions: a. Purchased land for $15,200 cash b. Purchased equipment for $23,600 in exchange for a one-year, 8% note payable c. Purchased office supplies on credit for $1,200 from Office Depot d. Paid the $10,000 principal plus $700 interest on a note payable e. Paid an account payable in the amount of $2,600 f. Provided $62,100 of services on credit g. Provided $11,400 of services for cash h. Collected $29,800 of accounts receivable i. Paid $13,300 of wages in cash j. Issued common shares for $21,000 cash
Jiang Framers engaged in the following transactions: a. Purchased land for $15,200 cash b. Purchased equipment for $23,600 in exchange for a one-year, 8% note payable c. Purchased office supplies on credit for $1,200 from Office Depot d. Paid the $10,000 principal plus $700 interest on a note payable 8. Paid an account payable in the amount of $2,600 f. Provided $62,100 of services on credit g. Provided $11,400 of services for cash h. Collected $29,800 of accounts receivable 1. Paid $13,300 of wages in cash j. Issued common shares for $21,000 cash e. Paid an account payable in the amount of $2,600 1. Provided $62,100 of services on credit g. Provided $11,400 of services for cash h. Collected $29,800 of accounts receivable i. Paid $13,300 of wages in cash 1. Issued common shares for $21,000 cash Required: Using a table like the one below, enter the necessary information for each transaction. Enter the debits before the credits. Transaction a is entered as an example
Jiang Framers engaged in the following transactions: a. Purchased land for $15,200 cash b. Purchased equipment for $23,600 in exchange for a one-year, 8% note payable c. Purchased office supplies on credit for $1,200 from Office Depot d. Paid the $10,000 principal plus $700 interest on a note payable e. Paid an account payable in the amount of $2,600 f. Provided $62,100 of services on credit g. Provided $11,400 of services for cash h. Collected $29,800 of accounts receivable i. Paid $13,300 of wages in cash j. Issued common shares for $21,000 cash


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