1. Jane invested additional cash in the business with a deposit of $50,000 in the business bank account.
2. Purchased land for a parking lot, paying cash of $45,000.
3. Paid rent for the month, $4,500
4. Paid creditor on account, $5,800
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1. Jane invested additional cash in the business with a deposit of $50,000 in the business bank account.
2. Purchased land for a parking lot, paying cash of $45,000.
3. Paid rent for the month, $4,500
4. Paid creditor on account, $5,800
1. Debit cash, credit stockholders equity
2. Debit land(or the account you are using for land), credit cash
3. Debit rent expense, credit cash
4. Debit Accounts Payable, credit cash
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