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Business, 16.02.2021 01:30 gwynolegario

Issued 4,000 shares of common stock for $400,000 cash. Borrowed $100,000 cash from a local bank, payable in two years. Bought a building for $182,000; paid $82,000 in cash and signed a three-year note for the balance. Paid cash for equipment that cost $200,000. Purchased supplies for $30,000 on account. PA2-2 Part 3 Summarize the journal entry effects from part 2 using T-accounts.

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Issued 4,000 shares of common stock for $400,000 cash. Borrowed $100,000 cash from a local bank, pay...

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