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add statement of cash flow to end The following transactions apply to Hooper Co. for 2018, its first year of operations: 1. Issued $140,000 of
add statement of cash flow to end
The following transactions apply to Hooper Co. for 2018, its first year of operations: 1. Issued $140,000 of common stock for cash. 2. Provided $90,000 of services on account. 3. Collected $76,000 cash from accounts receivable. 4 Loaned $13,000 to Mosby Co. on November 30, 2018. The note had a one-year term to maturity and a 6 percent interest rate. 5. Paid $44,000 of salaries expense for the year. 6. Paid a $3,000 dividend to the stockholders 31, 2018 (see item 4). 8. Estimated that 1 percent of service revenue will be uncollectibleStep by Step Solution
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