Prepare the Necessary Journal Entries for Each of the Following

Essay

Prepare the necessary journal entries for each of the following transactions for Klokel,Inc.
a.Klokel,Inc.sold 1,200 shares of common stock at $30 per share in cash.
b.The company purchased equipment for $14,000,paying $4,000 in cash and the remainder in a note.
c.The company paid the current month's rent,which amounted to $900,and the current month's utilities,which amounted to $400.
d.Merchandise inventory costing $1,900 was sold on account for $4,100.
e.Depreciation on the equipment amounted to $600.