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Record the following selected transactions for October in a two-column journal. Identify each entry by...

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Accounting

Record the following selected transactions for October in a two-column journal. Identify each entry by letter

(a)

Received $10,000 from Shirley Knowles in exchange for capital stock.

(b)

Purchased equipment for $35,000, paying $10,000 in cash and giving a note payable for the remainder.

(c)

Paid $1,000 for rent for March.

(d)

Purchased $8,500 of supplies on account.

(e)

Recorded $2,500 of fees earned on account.

(f)

Received $11,000 in cash for fees earned.

(g)

Paid $200 to creditors on account.

(h)

Paid wages of $1,250.

(i)

Received $1,150 from customers on account.

(j)

Recorded dividends of $1,850.

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