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Addilional data obtained trom an examination of the accounts in the ledger for 20 Y are as follows: a. The imvestments were sold tor $175,000
Addilional data obtained trom an examination of the accounts in the ledger for 20 Y are as follows: a. The imvestments were sold tor $175,000 cash. b. Equipment and land were acquired tor cash. c. There were no dispoesls of equpmem during the year. d. The common stook was issued for cash. e. There was a $500,000 credit to Retsined Eamings for net inoame. 1. There was a $90,000 debit to Retained Eamings for cash dividends declared
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