Safari File Edit View History Bookmarks Develop Window Help

Safari File Edit View History Bookmarks Develop Window Help 00 8 > 100%E& Sat Jan 20 2:11 - Alice Pagoto connect. cancel This window shows what is correct and incorect for the work you have completed so far if al of the work you have done so far is correct, you may not have completed everything 7. 1000 points Following are the transactions of Dennen, Inc., for the month of January a. Borrowed $29,500 from a local bank b. Lent $8,500 to an affliabe; accepted a note due in one year c. Sold to investors 90 additional shares of stock with a par value of d. Purchased $24,000 of equipment, paying $4,100 cash and signing a note for the rest due in one year e. Declared and paid $3,700 in dividends to stockholders $0.10 per share and a market price of $20 per share; received cash. osnh aues, amourls and drecior ro) on the ascounting equation. A sample is provided 0 Answer is not complete. a. Cash 2950000 Notes payable b Notes receivable 8,500.00 c Cash 1,800.00 Common stock 011.800.000 d. Equipment Cash 24,000000 Aocounts payatie19,900.00 4,10.000 Retained earnings 03700 000 3.700.00 iends ayable3.700 000 Canceled: Field Quality Sync Overdue [Yesterday Snooze . C

Solution

Assets Liabilities Stockholders\' Equity a Cash 29500 Notes Payable 29500 b Notes Receivable 8500 Cash -8500 c Cash 1800 Common stock 9 Additional paid-in capital 1791 d Equipment 24000 Notes Payable 19900 Cash -4100 e Cash -3700 Retained earnings -3700