Answer:
Novak Company Journal. $
June 1
1. Purchases Dr. 26,026
Vendor. Cr. 26,026
Narration purchase of stock
2.Vendor Dr 1078
Return outward Cr. 1078
Narration. Return on goods purchased.
3. Customer Dr 31753
Sales. Cr. 31753
Narration. Good sold to customer
All of the above sounds about right
Answer:
The company or government goes into debt to those who purchase the bonds.( B.)
