Journalize the following transactions for Hammers Inc.
Jan. 1, 2012 Purchased a $100,000 building on a two-year 10% note payable.
The building has a useful life of twenty-five years and is depreciated
on a straight-line basis.
Feb. 15, 2012 Issued 25,000 common shares at $10/share.
Jul. 10, 2012 Issued 15,000 preferred shares at $7/share.
Dec. 31, 2012 Record accrued interest on the note and depreciation on the machine.

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The Answer of Journalize the following transactions for Hammers Inc.
Jan. 1, 2012 Purchased a $100,000 building on a two-year 10% note payable.
The building has a useful life of twenty-five years and is depreciated
on a straight-line basis.
Feb. 15, 2012 Issued 25,000 common shares at $10/share.
Jul. 10, 2012 Issued 15,000 preferred shares at $7/share.
Dec. 31, 2012 Record accrued interest on the note and depreciation on the machine.

Journalize the Following Transactions for Hammers Inc