During 2011, Sam paid the

  1. On September 1, 2011, Fast Track, Inc. was started with $30,000 invested by the owners as contributed capital. On September 30,
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  2. I need to enter the following into Journal Enteriesa) Borrowed $12,000 cash on a short-term note payable dates march 1, 2011 b)
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  3. The federal government’s 2011 fiscal year begins on _____.January 1, 2012 December 31, 2011 October 1, 2011 January 1, 2011
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  4. On January 1, 2011 you bought a two-year U.S. government bond with a principal (face value) of $1000 and a coupon rate of 6%
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  5. During 2011, Sam paid the following taxes:
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  6. during 2011 sam paid following:property tax on residence (paid from escrow account) $1550 Property tax portion of car
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  7. How do you journalize theses transactions?8) Purchased $15000 food to sell; paid 1/3 in cash and the balance on account 10) Paid
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  8. Tom and Betsy who are married filing jointly, reported a standard deduction of $11,400 on their 2010 tax return. They paid $500
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  9. The following stockholders' equity accounts arranged alphabetically are in the ledger of McGrath Corporation at December 31,
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  10. The following stockholders' equity accounts arranged alphabetically are in the ledger of McGrath Corporation at December 31,
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