135 in to be paid in the following year Journal entry worksh

$135 in to be paid in the following year Journal entry worksheet

Solution

Journal Entries :-

S. No.	Particulars	Debit($)	Credit($)
a.	Buildings A/c Dr.	188
	Equipment A/c Dr.	250
	To Cash A/c		406
	To Long Term Notes A/c		32
b.	Cash A/c Dr.	35000
	To Common Stock A/c		200
	To Additional paid in Capital A/c		34800
c.	Retained Earnings A/c Dr.	135
	To Dividends Payable A/c		135
d.	Short term Investment A/c Dr.	7516
	To Cash A/c		7516
e.	No Entry Required
f.	Cash A/c Dr.	4313
	To Short term Investments A/c		4313