Q47. Review questions 2 (1) On May 2, 20×1, Entity A purchased 600 units of merchandise at $9 per unit and paid $5,400 in cash.
Section 8. Review Q46. Review questions 1 (1) What are the examples of transactions recorded on the debit side of a journal entry? (2) What
Q45. Cash dividend (1) On January 10, 20×1, Entity A declared a $1.50 per share cash dividend on 500,000 shares of common stock. (2) On
Q44. Common stock Entity A issued 20,000 shares of common stock at $14 per share. The par value of common stock is $1 per share.
Q43. Borrowings Entity A borrowed $20,000 from a bank and received the full amount in cash. The loan is due in 6 months. Prepare a
Q42. Sale of noncurrent assets Entity A sold equipment with the following information. (a) Cost of equipment = $200,000 (b) Accumulated depreciation = $180,000 (c)