SI WorksheetJournalize each event listed below with the correct dollar amount.A. A new company called Cody Company is created and sells 1000 shares of stock to investors for $30 per share in cash.B. Cody Company borrows $12,000 from a local bank and signed a four-month promissory note for the loan.C. Cody Company lent $1000 to a customer on a six-month note.D. One of the stockholders in Cody Company sells 100 shares of their Cody Company stock for $30 per share to a neighbor down the street.E. The company president purchases a $50,000 Lexus for personal use.F. Cody Company purchased equipment costing $12,000 by paying $4000 cash and the balance on two-year note.G. Cody Company purchased plumbing supplies with an informal promise to pay $1000.H. A new Treasurer is hired for Cody Company at an annual salary of $125,000. The treasurer will report to work at the beginning of next month.I. Cody Company received land valued at $20,000 from an investor in exchange for stock.J. The customer from transaction (c) paid Cody Company the amount due (ignore interest).K. Cody Company paid the bank the full amount owed in transaction (b) (ignore interest).L. Cody Company sold some extra supplies they had to another business in the strip mall for the same amount they paid for it $100 cash.M. Cody Company bought an automobile form a company who indicated that, based on its “blue book value,” that they wanted $6000; after negotiations, the Cody Company paid $4500 cash to obtain the
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