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In the journal provided,prepare journal entries without explanations for the following transactions.Write "no entry" if none is needed.
a. Received a $1,500 invoice for this month's rent. Payment will not be made right away.
b. Paid $1,600 for insurance premiums to cover the next six months.
c. A $350 dividend is declared and paid.
d. The rent of a is paid.
e. Purchased land for $60,000. The company paid half in cash and issued a promissory note for the other half.
Several Hundred Miles
A phrase indicating a distance of many hundreds of miles, used to describe far-reaching expanses or long journeys.
Correct Verb
Utilizing the appropriate action word in a sentence that agrees in number and tense with the subject.
Museum Of Art
An institution dedicated to the collection, preservation, exhibition, and interpretation of significant objects with aesthetic, historical, cultural, or scientific value.
Correct Verb
The action word in a sentence that is used properly according to standard grammar rules and accurately fits the context it’s used in.
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