Journalize Transactions for Gagon's General Journal
Journalizing Transactions Record each of the following transactions in Gagon's general journal. 1. Issued capital stock for $75,000 cash. 2. Borrowed $35,000 from a bank. Signed a note to secure the debt. 3. Paid salaries and rent of $45,500 and $3,600, respectively. 4. Purchased inventory from a supplier on credit