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Which error could you control with sample size, Type I or Type II
What would the journal entry look like for the following transactions? -Issued 34,000 shares of common stock in exchange for $340,000 in cash. -Purchased equipment at a cost of $48,000. $12,000 cash was paid and a note payable was signed for the balance owed. -Recorded depreciation expense of $1,200 for the month on the equipment.
-Dr Cash 340,000 and cr common stock 340,000 -Dr Equipment 48,000 cr Notes Payable 36000 and cr Cash 12,000 -Dr Depreciation Expense 1,200 and cr Accumulated Depreciation 1,200