Bloomer Construction begins operations in March and has the following transactions. March 1 Issue common stock for $17,5

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Bloomer Construction Begins Operations In March And Has The Following Transactions March 1 Issue Common Stock For 17 5 1 (39.56 KiB) Viewed 44 times

Bloomer Construction begins operations in March and has the following transactions. March 1 Issue common stock for $17,500. March 5 Obtain $8,300 loan from the bank by signing a note. March 10 Purchase construction equipment for $21,500 cash. March 15 Purchase advertising for the current month for $1,000 cash. March 22 Provide construction services for $17,300 on account. March 27 Receive $12,300 cash on account from March 22 services. March 28 Pay salaries for the current month of $5,300. Required: Record each transaction. Bloomer uses the following accounts: Cash, Accounts Receivable, Equipment, Notes Payable, Common Stock, Service Revenue, Advertising Expense, and Salaries Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Issue common stock for $17,500. Note: Enter debits before credits. Date March 01 Record entry General Journal Clear entry Debit Credit View general journal