Transactions for the Hartman Company for the Month of November

question 279

Essay

Transactions for the Hartman Company for the month of November are presented below. Journalize each transaction and identify each transaction by number. You may omit journal explanations.
1. Stockholders invested an additional $40,000 cash in the business.
2. Purchased land costing $18,000 for cash.
3. Purchased equipment costing $45,000 for $4,500 cash and the remainder on credit.
4. Purchased supplies on account for $800.
5. Paid $3,000 for a one-year insurance policy.
6. Received $2,000 cash for services performed.
7. Received $5,000 for services previously performed on account.
8. Paid wages to employees for $2,500.
9. Paid dividends to stockholders of $400.

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Definitions:

Endocrine System

A network of glands in the body that secretes hormones directly into the bloodstream to regulate various bodily functions such as growth, metabolism, and reproduction.

Osteoporosis

Osteoporosis is a condition characterized by weakened bones, increasing the risk of fractures, often due to age-related or hormonal factors.

Calcitonin

A thyroid gland secretion crucial for the regulation of calcium quantities in the blood.

Epiphyseal Plate

A growth plate located at the ends of long bones where new bone tissue is generated during growth.