Business, 11.02.2020 20:04 dozsyerra

Recording Transactions with the Accounting Equation During the year, the Flight Company experienced the following accounting transactions: 1. Issued common stock in the amount of $150,000 2. Paid a $30,000 cash dividend 3. Borrowed $25,000 from a bank 4. Made a principal payment of $3,500 on an outstanding bank loan 5. Made an interest payment of $1,200 on an outstanding bank loan Using the accounting equation, record each of the transactions in columnar format using the following template: Use negative signs with answers, when appropriate.

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Recording Transactions with the Accounting Equation During the year, the Flight Company experienced...