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Prepare the necessary journal entries for each of the transactions presented below for the Mouse &...

Prepare the necessary journal entries for each of the transactions presented below for the Mouse & Duck Company.

a. Mouse & Duck sold 2,000 shares of common stock at $25 per share in cash (just use one Equity account)

b. The company purchased equipment for $8,000 paying $2,000 in cash and the remainder in a note. c. The company paid the current month's rent, which amounted to $700, and the current month's utilities, which amounted to $300. d. $1,200 of prepaid rent expired during the period. e. Depreciation on the equipment amounted to $900. Dr Cr a. b. c. d. e.

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JOURNAL ENTRIES FOR MOUSE AND DUCK COMPANY

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