T ACCOUNTS
I.- Do the accounting records for the following transactions:
1.- The shareholders of the ABC company contribute $ 230,000 in cash.
2.- One of the shareholders contributes a piece of land with a value of $ 105,000
3.- The company buys equipment and machinery on credit to start operations for an amount of $ 74,000
4.- The company buys raw material for production in cash for $ 6,900
5.- The company sells $ 12,000 in products to one of its customers in cash.
6.- The company pays $ 2,600 as salaries to its workers.
7.- The company sells one of the machinery purchased in register 3, for the amount of $ 8,000.00 in cash.
8.- The company buys raw material for $ 15,000 on credit.
9.- The company sells $ 9,300 on credit.
10.- The company pays some expenses such as water, electricity and telephone at the end of the month for the amount of $ 2,100
11.- The company requested a bank loan to build another production plant for $ 168,000
12.- The company pays dividends to its shareholders for $ 3,000
13.- The company pays $ 5,000 to its suppliers.
14.- The company sells $ 26,000 of its products for cash.
15.- The company pays $ 45,000 of the debt contracted with the bank.
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