Show the double journal entries for these transactions. 1. The company issued some shares for $2,500 (the nominal/parvalue for those shares is $2,000). 2. A machine that cost $ 3,000 is purchased for cash. 3. Materials are purchased oncredit for $850. 4. A business computer was purchased for $ 4,500 and is financed by a loan from a friend. (Thecompany has to pay back the loan over 1 year). 5. Accounts receivable amounting to $750 are collected fromcustomers 6. $200 is paid to a supplier. 7. Goods are purchased from cash $ 350. 8. A filing cabinet is purchased for $80 by increasing an existing bank overdraft 9. Intangible costing $8,000 purchased for cash 10. The company paid back$600 from long-term loan 11. The dividend was declared, and the amount was $100 12. Dividend paid: $100

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Answered: Show the double journal entries for…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 18EB: Krespy Corp. has a cash balance of $7,500 before the following transactions occur: A. received...

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