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Determine posting transactions to t-accounts

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Posting Transactions to T-accounts

During the year, the Decker Company experienced the following accounting transactions:

1. Issued common stock in the amount of $100,000

2. Paid a $30,000 cash dividend

3. Borrowed $25,000 from a bank

4. Made a principal payment of $2,500 on an outstanding bank loan

5. Made an interest payment of $1,200 on an outstanding bank loan

Question 1: Prepare journal entries and post your transaction analysis to the appropriate T-accounts

Reference no: EM132472408

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