Time remaining:
How do I journalize These transactions

Accounting
Tutor: None Selected Time limit: 1 Day

Your parents lend the company $10,000 cash, in exchange for a two-year, 6% note payable. Interest and the principal are repayable at maturity.

7 – Sign a lease agreement for retail/bakery space. The agreement is for 1 year, with the option to extend the lease on a month-to-month basis after 1year. The rent is $1,500 per month. The lease period starts on July 15, first and last month’s rent due at that time. Subsequent rents are due on the 15th day of each month.  

Apr 12th, 2015
Sierra has common stock of $10,000 and retained earnings of ...... the company $2,000 cash, in exchange for a two-year, 9% note payable. Interest and the principal are repayable at maturity.


Apr 21st, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Apr 12th, 2015
...
Apr 12th, 2015
May 23rd, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer