Reference no: EM132531392

Jaskaran glass, inc has shops in the shopping malls of a greater vancouver area. The business completed the following transactions:

1. june 1 received cash of $25000 and issued common shares to a shareholder.
2. 2 paid $10000 cash and signed a $30000 note payable to purchase land for a new glassworks site.
3. 7 received $20000 cash from sales and deposited that amount in the bank.
4. 10 purchased supplies on account $1000
5. 15 paid employees salaries $2800 and rent on a shop $1800
6. 15 paid advertising expenses, $1100
7. 16 paid $1000 on account
8. 17 declared and paid a cash dividend of $2000

Question 1: Jaskaran glass inc uses the following accounts: cash, supplies, land, accounts payable, note payable, share capital, dividends, sales revenue, salary expense, rent expense, and advertising expense.