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how are the following transactions recorded in a journal entry: purchased plant

ID: 2387676 • Letter: H

Question

how are the following transactions recorded in a journal entry: purchased plant and equipment for $515 IN CASH,
BORROWED $758 FROM A BANK SIGNING A SHORT TERM NOTE,
PROVIDED $37,522 IN SERVICE TO CUSTOMERS DURING THE YEAR WITH $27,250 ON ACCOUNT AND THE REST RECIEVED IN CASH,
PAYED $4,300 CASH ON ACCOUNTS PAYABLE
PURCHASED $30,449 INVENTORY ON ACCOUNT
PAID PAYROLL, $ 3,500 DURING THE YEAR
rECIEVED $37,410 ON ACCOUNT PAID BY CUSTOMERS
pURCHASED AND USED FUEL OF $750 IN DELIVERY VEHICLES DURING THE YEAR- IN CASH
dECLARED AND PAID $497 IN DIVIDENDS FOR THE YEAR
iNCURRED $68 IN UTILITY USAGE DURING THE YEAR; PAID $55 IN CASH AND OWED THE REST ON ACCOUNT

Explanation / Answer

Equipment A/c...Dr 515 To Cash 515 Cash A/c...Dr 758 To Bank Note 758 Cash A/C....Dr10302 Debtors A/c...Dr27250 To Revenue A/c37552 Accounts Payable A/C....Dr3400 To Cash A/c3400 Salaries A/C....Dr3500 To Cash A/c3500 Cash A/C....Dr37410 To Debtors A/c37410 fuel A/C....Dr750 To Cash A/c750 Dividends A/C....Dr497 To Cash A/c497 Happy to help