Preparing journal entries in good form

Assignment Help Accounting Basics

Reference no: EM13121961

Prepare journal entries in good form for the following transactions for the Goodland Company. Omit explanations. (So that a line won't be automatically skipped, you may hold the shift & enter.)

a. The owner invested cash of $14,000 and office equipment valued at $6,500 in the business and received common stock in exchange.

b. Supplies were purchased on account for $1,000.

c. Payment of $750 was made for one month's rent on the store.

d. A client was billed $1,500 for services rendered.

e. The company declared and paid a cash dividend of $300.

Reference no: EM13121961

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