Business, 20.09.2019 01:00 Lesquirrel

He following events occurred for favata company: received $15,500 cash from owners and issued stock to them. borrowed $12,500 cash from a bank and signed a note due later this year. bought and received $1,350 of equipment on account. purchased land for $23,000; paid $2,100 in cash and signed a long-term note for $20,900. purchased $8,500 of equipment; paid $2,100 in cash and charged the rest on account. required: for each of the events in above, prepare journal entries. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

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He following events occurred for favata company: received $15,500 cash from owners and issued stock...

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