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  3. the only options for the description part is cash,

The only options for the description part is cash, common stock, note payables, and retained...

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Accounting

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The only options for the description part is cash, common stock, note payables, and retained earnings.

Posting Transactions to T-accounts During the year, the Decker Company experienced the following accounting transactions: 1. Issued common stock in the amount of $300,000 2. Paid a $90,000 cash dividend 3. Borrowed $75,000 from a bank 4. Made a principal payment of $7,500 on an outstanding bank loan 5. Made an interest payment of $3,600 on an outstanding bank loan Prepare journal entries and post your transaction analysis to the appropriate T-accounts. HINT: When posting the journal entries to the T-accounts, enter them in order. General Journal Ref. Description Debit Credit 1. 0 0 0 0 0 0 0 0 0 0 0 0 2. 0 3. 4. 0 0 0 5. 0 0 0 0 0 Cash 0 0 0 Notes Payable 0 0 0 0 0 0 Retained Earnings 0 0 Common Stock 0 0 0 0 0 0

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