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  • Conors Corporation No General Journals Debit

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    Bilal Zafar
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    The document contains journal entries for two companies, Conors Corporation and Tristar Production Company. Conors Corporation recorded the purchase of new equipment through accounts payable and notes payable, an asset exchange, and an investment in equipment through common stock. Tristar Production Company recorded the purchase of land and buildings for cash, equipment purchases financed through a note payable and bank, revenue from truck sales, expenses paid in cash, and purchases of equipment and land through various financing methods.

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    The document contains journal entries for two companies, Conors Corporation and Tristar Production Company. Conors Corporation recorded the purchase of new equipment through accounts payable and notes payable, an asset exchange, and an investment in equipment through common stock. Tristar Production Company recorded the purchase of land and buildings for cash, equipment purchases financed through a note payable and bank, revenue from truck sales, expenses paid in cash, and purchases of equipment and land through various financing methods.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    10 views2 pages

    Conors Corporation No General Journals Debit

    Uploaded by

    Bilal Zafar
    The document contains journal entries for two companies, Conors Corporation and Tristar Production Company. Conors Corporation recorded the purchase of new equipment through accounts payable and notes payable, an asset exchange, and an investment in equipment through common stock. Tristar Production Company recorded the purchase of land and buildings for cash, equipment purchases financed through a note payable and bank, revenue from truck sales, expenses paid in cash, and purchases of equipment and land through various financing methods.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Conors Corporation

    No General Journals Debit


    1 Equipment-New $ 39,200.00
    Accounts Payable
    2 Equipment-New $ 37,500.00
    Discount on notes payable $ 4,500.00
    Notes Payable

    3 New Asset $ 8,500.00


    Acc dep $ 15,500.00
    Loss on exchange of assets $ 42,000.00
    Old Asset
    Bank

    4 Equipment New $ 40,000.00


    Common Stock

    Tristar Production Company

    No General Journals Debit


    1 Land $ 112,200.00
    Building $ 57,800.00
    Cash
    2 Equipment $ 43,518.52
    Discount $ 3,481.48
    Note payable
    3 Truck $ 3,200.00
    Revenue
    4 Cost expense $ 6,500.00
    Cash
    5 Equipment $ 22,850.00
    Bank
    6 Equipment $ 6,200.00
    Common Stock
    7 Land $ 27,000.00
    Cash
    Loan Payable
    Credit

    $ 39,200.00

    $ 42,000.00

    $ 29,000.00
    $ 37,000.00

    $ 40,000.00

    Credit

    $ 170,000.00

    $ 47,000.00

    $ 3,200.00

    $ 6,500.00

    $ 22,850.00

    $ 6,200.00

    $ 5,500.00
    $ 21,500.00

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