holton-central holding inc

| September 29, 2018

Journal
Entries

Dr.
Cr.

Cash

$500,000

Common Stock

$ 500,000

Principle Payments

$ 60,000

Principle Payments Payable

$ 60,000

Interest

$ 18,000

Interest Payable

$ 18,000

Land

$ 525,000

Cash

$ 525,000

Drilling

$ 1,000

Cash

$ 1,000

Bldg and equipment

$ 240,000

Cash

$ 240,000

Inventory

$ 6,300

Accounts Payable

$ 6,300

Inventory

$500

Accounts Payable

$500

Accounts Receivable

$5,000

Cash

$5,000

Accounts Receivable

$10,000

Sales Revenue

$10,000

Wages

$1,500

Wages Payable

$1,500

Delivery Service

$900

Services Payable

$900

Principle Loan

$300,000

Loan payable

$300,000

Get a 30 % discount on an order above $ 100
Use the following coupon code:
RESEARCH
Order your essay today and save 30% with the discount code: RESEARCHOrder Now
Positive SSL