Analyzing and record Papa John’s Transactions only
Papa John’s engages in the following events during January 2009,
Papa John’s issues $2,000 of additional common stock shares, receiving cash from investors.
(b) Papa John’s borrows $6,000 from its local bank, signing a note to be paid in three years.
(c) Papa John’s purchases new ovens, counters, refrigerators, and other equipment costing $10,000, paying $2,000 in cash and signing a two-year note payable to the equipment manufacturer for the rest
(e) Papa John’s purchases the stock of other companies as a long-term investment, paying $1,000 in cash.
(f) (f) Papa John’s board of directors declares that the Company will pay $3,000 in cash dividends to shareholder next month