Posted: April 3rd, 2017

prepare the following journal entries

Question : (TCO D and E) Please prepare the following journal entries. Indicate which account should be debited and which account should be credited, along with the dollar amount of the debit and credit.

a: Investors invest ,000 in exchange for 1,000 shares of common stock.
b: Company purchased equipment for $10,000 on credit.
c: Company received ,000 for services performed.
d: Company made payment on account for $2,000.
e: Company received $7,000 for services not yet performed.

Q