Question

1. Issued shares of common stock to investors in exchange for $100,000 in cash. select an option 2. Borrowed $45,000 by issuing bonds. select an option 3. Purchased delivery trucks for $60,000 cash. select an option 4. Received $16,000 from customers for services performed. select an option 5. Purchased supplies for $4,700 on account. select an option 6. Paid rent of $5,200. select an option 7. Performed services on account for $10,000. select an option 8. Paid salaries of $28,000. select an option 9. Paid a dividend of $11,000 to shareholders.

Answer 1

Answer:Please refer to the explanation section

Step-by-step explanation:

The question is incomplete. The were no requirements provided in the question . I will assume the question requires us to prepare journal entries for the transactions listed in the question

1.Dr Bank (Cash) 100 000

Cr Shareholders Equity 100 000

2.Dr Bank 45000

Cr Bonds Long term liability 45000

3. Dr Delivery Truck 60 000

Cr Bank 60 000

4.Dr Bank 16000

Cr Sales/Revenue 16000

5.Dr Consumables / Supplies 4700

Cr Trade Payable 4700

6. Dr Rent Expense 5200

Cr Bank 5200

7.Dr. Account Receivables 10 000

Cr Sales/ Revenue 10 000

8. Dr Salaries (expense) 28000

Cr Bank 28000

Dr Dividends Paid 11000

Cr Bank 11000