Prepare journal entries to record the following transactions of a company during the current year: 
Definitions:
Recession
A significant decline in economic activity across the economy, lasting longer than a few months, typically visible in real GDP, real income, employment, industrial production, and retail sales.
Subdivision
A process of dividing land into pieces that are easier to sell or otherwise develop.
Crude Oil
A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, used as a primary source for fuel and in the production of petrochemicals.
Equilibrium
A state of balance in a market situation where the quantity supplied equals the quantity demanded, often resulting in a stable market price.
Q2: A company issued 60 shares of $100
Q20: Employer payroll taxes are an added employee
Q30: Gershwin Company uses four special journals: purchases,sales,cash
Q60: Gross pay is:<br>A)Take-home pay.<br>B)Total compensation earned by
Q61: Ferguson Co.has a $200 petty cash fund.At
Q77: Greene Company purchased a machine for $75,000
Q79: When a company purchases an insurance policy
Q80: If partners agree on how to share
Q99: Gemstone Products allows customers to use bank
Q104: Intangible assets do not include:<br>A)Patents.<br>B)Copyrights.<br>C)Trademarks.<br>D)Goodwill.<br>E)Land held as