Correct Mark 4800 out of 4800 Posting Transactions to T accounts During the

Correct mark 4800 out of 4800 posting transactions to

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QUESTION 3CorrectMark 48.00 out of 48.00Posting Transactions to T-accountsDuring the year, the Decker Company experienced the following accounting transactions:1. Issued common stock in the amount of $100,000 2. Paid a $30,000 cash dividend 3. Borrowed $25,000 from a bank 4. Made a principal payment of $2,500 on an outstanding bank loan 5. Made an interest payment of $1,200 on an outstanding bank loanPrepare journal entries and post your transaction analysis to the appropriate T-accounts.1. When posting the journal entries to the T-accounts, enter them in order. 2. For expenses, and dividends - select "Retained earnings" as the account. General Journal Ref. Description Debit Credit 1. Cash 100,000 0 Common stock 0 100,000 2. Retained earnings 30,000 0 Cash 0 30,000 3. Cash 25,000 0 Notes payable 0 25,000 4. Notes payable 2,500 0 Cash 0 2,500 5. Retained earnings 1,200 0 Cash 0 1,200
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Cash 100,000 30,000 25,000 2,500 0 1,200 Common Stock 0 100,000 0 0 Notes Payable 2,500 25,000 0 0 Retained Earnings 30,000 0 1,200 0 CLICK HERE TO REVIEW LEARNING OBJECTIVES ±
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QUESTION 4CorrectMark 20.00 out of 20.00Prepare a Trial BalanceThe following balances were taken from the general ledger of Howser Corporation as of December 31. All balancesare normal.Cash$6,000Accounts receivable$10,800Accounts payable6,000Common stock36,000Equipment30,000Dividends2,400Utilities expense2,000Administrative expense8,000Sales revenue17,200Prepare a trial balance.Howser Corporation Trial Balance December 31DebitCreditCash$6,000$0Accounts receivable10,8000Equipment30,0000Accounts payable06,000Common stock036,000Dividends2,4000Sales revenue017,200Administrative expense8,0000Utilities expense2,0000Totals$59,200$59,200 CLICK HERE TO REVIEW LEARNING OBJECTIVES ±
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