Equipment, Notes Payable, and Cash Transactions: A Comprehensive

School: University of Notre Dame - Course: ACCT 30120 - Subject: Accounting

Journal DateAccountDrCr 1-May Equipment22000 Notes Payable22000 31-Dec Interest Expense1485 Interest Payable1485 1-May Notes Payable22000 Interest Payable1485 Interest Expense495 Cash23980
PaymentInterestPrincipalLoan BalanceJourna 410000DateAccount 251701845067204032801-Jan Cash 251701814870223962589% Bonds 25170178327338388919 2517017501766938125130-Jun 9% Bonds 25170171568014373237Interest Expense Cash
al DrCr 410000 410000 6720 18450 25170
202220232024 Total Perferred stock7700077000Date Common Stock2300011500016000029800028-Dec Total23000115000237000375000 202220232024 Total28-Dec Perferred stock23000560007700077000 Common Stock59000160000219000 Total2300011500023700029600028-Dec 28-Dec 28-Dec 17-Jan 17-Jan
Journal AccountDrCr Dividend Preferred Stock23000 Dividend Preferred Stock Payable23000 Dividend Preferred Stock56000 Dividend Preferred Stock Payable56000 Dividend Preferred Stock77000 Dividend Preferred Stock Payable77000 Dividend Common Stock59000 Dividend Common Stock Payable59000 Dividend Common Stock160000 Dividend Common Stock Payable160000 Dividend Preferred Stock Payable156000 Cash156000 Dividend Common Stock Payable219000 Cash219000

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