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Business, 20.09.2019 22:30 solomander4
On april 1, tamarisk, inc. began operations. the following transactions were completed during the month.1. issued common stock for $21,600 cash.2. obtained a bank loan for $6,300 by issuing a note payable.3. paid $9,900 cash to buy equipment.4. paid $1,100 cash for april office rent.5. paid $1,300 for supplies.6. purchased $540 of advertising in the daily herald, on account.7. performed services for $16,200: cash of $1,800 was received from customers, and the balance of $14,400 was billed to customers on account.8. paid $360 dividend to stockholders.9. paid the utility bill for the month, $1,800.10. paid daily herald the amount due in transaction (6).11. paid $40 of interest on the bank loan obtained in transaction (2).12. paid employees’ salaries, $5,760.13. received $10,800 cash from customers billed in transaction (7).14. paid income tax, $1,350.journalize the transactions. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when amount is entered. do not indent manually.)
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On april 1, tamarisk, inc. began operations. the following transactions were completed during the mo...
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