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Enter the July transactions as Journal entries

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Reference no: EM132982255

Question - Enter the following July transactions as Journal entries:

1-Jul Purchased 5,000 Fish Finder units on Credit from Raydar Marine for $42.00 per unit.

1-Jul Issued 10,000 shares of common stock for $20 per share (Refer to the Chart of Accounts for description of common stock - including # of shares outstanding).

1-Jul Signed a one-year 15%, $216,000 note payable with Boat US Bank.

1-Jul Sold 4,000 Propellers on account to Chris Craft for $85 per units, Invoice #5555.

Reference no: EM132982255

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