Answer:
A.
Cash $68,000 (debit)
Common Stock $68,000 (credit)
B.
Store fixtures $12,000 (debit)
Payable $12,000 (credit)
C.
Cash $20,000 (debit)
Note Payable $20,000 (debit)
D.
Equipment $17,000 (debit)
Cash $1,900 (credit)
Note Payable $15,100 (credit)
E.
Note Receivable $1,400 (debit)
Cash $1,400 (credit)
F.
Payable $12,000 (debit)
Cash $12,000 (credit)
Explanation:
A.
Recognize Cash and Recognize Equity - Common Stock
B.
Recognize Store fixtures and recognize a liability - Payable
C.
Recognize Cash - Asset and a Liability - Note Payable
D.
Recognize Equipment - Asset , Recognize Liability - Note Payable and de-recognize the Asset - Cash
E.
De-recognize Cash and Recognize the Asset - Note Receivable
F.
De-recognize the Liability - Payable and de-recognize the Asset Cash
