Transactions for Pate Company for the month of October are presented below. Journalize each…


Question Description:

25

Transactions for Pate Company for the month of October are presented below. Journalize each transaction and identify each transaction by number. You may omit journal explanations. 1. Stockholders invested additional RM45,000 cash in the business. 2. Purchased land costing RM28,000 for cash. 3. Purchased equipment costing RM8,000 for RM4,000 cash and the remainder on credit. 4. Purchased supplies on account for RM800. 5. Paid RM1,000 for a one-year insurance policy. 6. Received RM2,000 cash for services performed. 7. Received RM4,000 for services previously performed on account. 8. Paid wages to employees for RM2,500. 9. Paid dividends to stockholders of RM1,000.

Answer

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