Record the following transactions for Mouser Pet Foods, Inc., in the financial statements effects template below (in thousands).
a) Sell stock in company for $78,000
b) Obtain long-term bank loan of $30,000.
c) Purchase manufacturing equipment for $20,400 cash.
d) Rent manufacturing and warehousing space and pay $34,800 in advance for the year.
e) Purchase $30,000 of inventory, paying $6,000 in cash and the remaining amount on credit.
f) Sell half of the inventory purchased in Transaction e for $33,900 on account.
g) Pay $24,000 to creditors.
h) Make loan payment of $4,800 of which interest is $480 and the rest is principal.

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The Answer of Record the following transactions for Mouser Pet Foods, Inc., in the financial statements effects template below (in thousands).
a) Sell stock in company for $78,000
b) Obtain long-term bank loan of $30,000.
c) Purchase manufacturing equipment for $20,400 cash.
d) Rent manufacturing and warehousing space and pay $34,800 in advance for the year.
e) Purchase $30,000 of inventory, paying $6,000 in cash and the remaining amount on credit.
f) Sell half of the inventory purchased in Transaction e for $33,900 on account.
g) Pay $24,000 to creditors.
h) Make loan payment of $4,800 of which interest is $480 and the rest is principal.

Record the Following Transactions for Mouser Pet Foods, Inc