Reference no: EM132502374
The opening balances of all the accounts are:
Accounts Payable 85,000
Bonds Payable (Over 1 Year) 45,000
Accounts Receivable 67,000
Share Capital 936,200
land 490,000
furniture and Fixtures 15,000
building 320,000
Wages Payable 55,000
Equipment 175,000
Bottle Processing Patent Fee's Payable 25,000
cash 2,200
Taxes Payable 58,000
Notes Payable 60,000
Bottle Inventory 195,000
The new transactions to be recorded into a balance sheet are:
aaccounts Receivable for $16,000 was collected.
Wages dued of $15,000 were paid out in cash.
$175,000 in Equipment is purchased on credit ($100 was due on delivery and was paid in cash).
Their land is appraised and found to be worth $560,000.
A stakeholder, Bruce Wayne, provided the company with equipment and in return received $65,000 in shares.s
$300,000 in shares is retired for bonds payable on December 15, 2025.
Bottle Processing Patent Fees is paid completely out on Credit.
$175,000 in Old Bottles was returned to the former supplier for their cash value.
A bank loan for $65,000 is taken out. The amount was kept in cash over the end of the month.i
Question 1: How the new transactions would look in a journal. Ie. how the money goes to each account, debit or credit
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