30 58 31 59 32 60 33 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 57 QUESTION 24 Packard Company engaged in the following transactions during Year 1, its first year of operations. Masume al transactions are cash transactions) 1) Acquired $950 cash from the insus of common stock 2 Borrowed $420 from a bank. 3) Earned $650 of revenues cash 4 Paid expenses of $2,50 5) Paid a $50 dividend During Year 2. Packard engaged in the following transactions. Assume all transactions 1) Issued an additional $325 of common stock. 2 Repaid $220 of its debt to the bank Earned revenus of $750 cash. 4 Inoured expenses of $380 Click Save and Submit to save and submit Chick Save All Answers to some alla MacBook Pro Ja, we usille option command come 30 40 50 60 70 20 300 80 36 90 37 10 38 11 39 31 35 58 50 1) Issued an additional $325 of common stock. 2) Repaid $220 of its debt to the bank. 3) Earned revenues of $750 cash. 4) Incurred expenses of $360. 5) Paid dividends of $100. The amount of retained earnings on Packard's Year 2 balance sheet is: $640. $800. $290. $740. QUESTION 25 Packard Company engaged in the following transactions during Year 1. its first ye 1) Acquired $950 cash from the issue of common stock. 2) Borrowed $420 from a bank Click Save and Submit to save and submit. Click Save All Answers to save all answers