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A company had the following assets and liabilities at the beginning and end of this year. Assets Liabilities Beginning of the year $ 50,500 $
A company had the following assets and liabilities at the beginning and end of this year.
Assets | Liabilities | |
---|---|---|
Beginning of the year | $ 50,500 | $ 21,649 |
End of the year | 91,500 | 37,058 |
- Owner made no investments in the business, and no dividends were paid during the year.
- Owner made no investments in the business, and dividends paid were $7,800 during the year.
- No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange for common stock.
- Dividends paid were $7,800 during the year, and the owner did invest an additional $35,000 cash near year-end in exchange for common stock.
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