3 20 213 Alce Alice Pag Safari Fle Edt View History Develop

3 20 213 Alce Alice Pag Safari Fle Edt View History Develop Window Help Practic 10.00 points Nathanson Corporation was orgenized on May 1. The folowing events occurred during the first month G Ep organized Nathanson Corporation Each investor received 109 shares of $10 par value common stodk a Received $86,000 cash from the five investors who b. Ordered store fxtures costing $11,000 c. Borrowed $11,000 cash and signed a note due in two years. d. Purchased $21,0 Crea 000 of equipment, paying $1,300 in cash and signing a six-morth note for the balance. $1,500 to an employee who signed a note to repay the loan in three months. Adobe PD store bares ordered in Received and paid for Required Prepare journal entries for each transaction. (f no entry is required for a transaction/event, select \"No journal entry requiredt\" in the first account field ) f. Convert ln 0 Answer is not complete. Select File t 66000 6,000 joumal entry requined 11,000 S Ede Con Con 21,000 300 19,700 0 Notes paryable (shor-erm) 1500 Canceled: Field Quality 11,000 11,000

Solution

No. Transaction General Journal Debit Credit 1 a. Cash 66000 Common stock(5 investors*109 shares *$10) 5450 APIC-Common stock(66000-5450) 60550 6 f. Furniture&Fixtures/Store Fixtures 11000 Cash 11000