Record each of the transactions in general journal

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Reference no: EM131191126

Journal entries. Record each of the following transactions in general journal format.

a) Issued 50,000 shares of $1 par capital stock for $35 dollars
b) Billed customers for services provided, $10,000
c) Purchased supplies on account, $3,000
d) Paid monthly utility bill, $1,500
e) Verified 20 percent increase in market price of stock
f) Paid wages for the current month, $6,000
g) Purchased equipment with a list price of $50,000 by making a 20 percent down payment and financing the remainder with a six-month,12 percent note payable.
h) Collected cash from customers, $5,000
i) Paid vendors, $1,400
j) Recorded one month's accrued interest on note payable

Reference no: EM131191126

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