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(0.4 mark) (14). Tahir Corporation had these transactions during 2020. (a). Purchased furniture for $25,600 cash. (b). Loss on disposal of equipment $1,500. (c).
(0.4 mark) (14). Tahir Corporation had these transactions during 2020. (a). Purchased furniture for $25,600 cash. (b). Loss on disposal of equipment $1,500. (c). Purchase Land for $23,600, giving a long-term note in exchange. (d). Depreciation expense $7,000 (e). Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. . Declared and paid a cash dividend of $18,000. (g). Collected $17,000 from customers. (h). Paid $18,000 to suppliers. (i). Issued $50,000 par value common stock for cash. (). Paid Salary for $19,400 cash.
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