Transactions for the Sandhill Company for the month of November are presented below. a. Stockholders invested an additional $36,000 cash in the business.
b. Purchased land costing $17,000 for cash.
c. Purchased equipment costing $54,000 for $4,500 cash and the remainder on credit.
d. Purchased supplies on account for $800. 5. Paid $3,200 for a one-year insurance policy.
e. Received $2,800 cash for services performed.
f. Received $6,600 for services previously performed on account.
g. Paid wages to employees for $2,400.
h. Paid dividends to stockholders of $600.

Requried:
Journalize each transaction and identify each transaction by number.

Part a.

Debit : Cash $36,000

Credit : Common Stock $36,000

Part b.

Debit : Land $17,000

Credit : Cash $17,000

Part c.

Debit : Equipment  $54,000

Credit : Cash $4,500

Credit : Accounts Payable $49,500

Part d.

Debit : Supplies $800

Credit : Accounts Payable $800

Item 5

Debit : Prepaid Insurance $3,200

Credit : Cash $3,200

Part e.

Debit : Cash $2,800

Credit : Service Revenue $2,800

Part f.

Debit : Cash $6,600

Credit : Accounts Receivable $6,600

Part g.

Debit : Wages $2,400

Credit : Cash $2,400

Part h.

Debit : Dividends $600

Credit : Cash $600

Explanation:

The first step is to identify the accounts affected by the transaction  (usually more than2). Then record the transactions in journal as above.

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

wheres the chart? so i can answer.