Determine how to enter in the t-accounts transactions

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Reference no: EM132476233

Question 1: Determine how to Enter in the T-accounts the following transactions that occurred in 2017:

Point a. Paid one-half of the principal on the long-term note payable.

Point b. Sold $1,900 of the investments for $1,900 cash.

Point c. Sold one-half of the property and equipment for $2,150 cash.

Point d. Borrowed $3,800 from the bank and signed a note promising to pay the principal and interest at an annual rate of 5 percent in three years.

Point e. Paid $680 in dividends to shareholders.

Reference no: EM132476233

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