After nearly destroying the city of Springfield USA because of many near nuclear melt downs caused by Homer Simpson, Mr. Burns decided to go into selling cookies. On January 2, 2020, Mr. Burn continued his Good Old Fashion Cookies Empire. The company is still a merchandise company and still uses a net perpetual inventory

Check Figures:

Unadjusted Net Loss: ($80,251)

Adjusted Net Loss: ($257,310)

1. January 2: After from returning from exile, Mr. Burns invested $500,000 of personal funds directly in the business to strengthen his grip on the cookie market and received preferred stock.

2. January 3: In order to keep the IRS off his trail, Mr. Burns transferred money from his personal account into a Cayman Island secret account for $10,000,000

5. January 5: In order to ease his beginning of the year cash flow crunch, Mr. Burns issued Common Stock (1,000,000 shares at $2.00 per share, par value $1.00 per share)

14. April 1: Not liking being accountable to outside shareholders, Mr. Burns decided to buy back some treasury stock. Mr. Burns bought the $1.00 per value shares back (200,000 shares) at $.50 per share.

18. June 2: Mr. Burns issued a 2:1 Stock Split

19. June 3: Mr. Burns bought back an additional 200,000 shares of Treasury Stock at $.50 per share.

30. December 25: Mr. Burns paid a cash dividend after being visited by the three ghosts of Christmas to the Shareholder $500,000