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can you help me fill out chart and answer ither questions? Mallard incorporated (MI) is a small manufacturing company that makes model trains to sell
can you help me fill out chart and answer ither questions? Mallard incorporated (MI) is a small manufacturing company that makes model trains to sell to toy stores. It has a smail service department that repairs customers' trains for a fee. The company has been in business for flve years. At the end of the previous year, the bccounting records reflected total assets of $610,000 and total liabilities of $255,000. During the current year, the following summarized events occurred: a. Issued additional shares of common stock for $125,000cash. b. Borrowed $163,000 cash from the bank and signed a 10 -year note. c. Bult an adcition on the bulidings for $249,000 and paid cash to the contractor. d. Purchased equipment for the new addition for $39,500, paying $3,950 in cash and signing a note for the balance due in two years. e. Returned a $3,950 piece of equipment, from (), because it proved to be defective; recelved a reduction of the notes payable. f. Purchased a delivery truck (equipment) for $31,000; paid $21,700 cash and signed a two-year note for the remainder. 9. A stockholder sold $9,950 of his stock in Mallard incorporated to his neighbor. Required: 1. Complete the spreadsheet that follows. The first transaction is used as an example. 3. Based on beginning baiances plus the completed spreadsheet, provide the Total assets, liabilities and stockholders' equity at the end of year, 4. As of the current year-end, has the finaneing for Mallard incorporated's (Mi's) investment in assets primarily come from iiabiities or stockholders' equity? Complete this question by entering your answers in the tabs below. Complete the spreadsheet that followi. The first transaction is used as an example. (Enter any decrossen to account bafances with o minus signi? 4. As of the current year-end, has the financing for Mallard incorporated's (MI's) irvestment in assets primarlly come from llabilities o stockholders' equity? Complete this question by entering your answers in the tabs below. Complete the spreadoheet that follows. The firnt trankaction is used as an example. (Enter any decreased to account balances with a minus sign.) 9. A stockholder sold $9,950 of his stock in Mallard Incorporated to his neighbor. Required: 1. Complete the spreadsheet that follows. The first transaction is used as an example. 3. Based on beginning balances plus the completed spreadsheet, provide the Total assets, liabilities and stockholders' equity at the end of year: 4. As of the current year-end, has the financing for Mallard Incorporated's (Mi's) investment in assets primarly come from liabilities or stockholders' equity? Complete this question by entering your answers in the tabs below. Based on beginning balances plus the completed spreadsheet, provide the Total assets, liabistles and stockholders' equity at the end of year. Mallard Incorporated (MI) is a small manufacturing company that makes model trains to sell to toy stores. It has a small service department that repairs customers' trains for a fee. The company has been in business for five years. At the end of the previous year, the accounting records reflected total assets of $610.000 and total liabilities of $255,000. During the current year, the following summarized events occurred: a. Issued additional shares of common stock for $125,000 cash. b. Borrowed $163,000 cash from the bank and signed a 10-year note. c. Bult an addition on the bulldings for $249,000 and paid cash to the contractor. d. Purchased equipment for the new addition for $39,500, paying $3,950 in cash and signing a note for the balance due in two years. e. Returned a $3,950 plece of equipment, from (o), because it proved to be defective; received a reduction of the notes poyable. 1. Purchased a delivery truck (equipment) for $31,000 : paid $21,700 cash and signed a two-year note for the remainder. g. A stockholder sold $9,950 of his stock in Mallard incorporated to his neighbor. Required: 1. Complete the spreadsheet that follows. The first transaction is used as an example. 3. Based on beginning balances plus the completed spreadsheet, provide the Total assets, liabilites and stockholders' equity at the end of year. 4. As of the current year-end, has the financing for Mallard incorporated's (Mr's) investment in assets primarily come from lablities of stockholders' equity? Complete this question by entering your answers in the tabs below. As of the current year-end, hos the financing for Mrs investment in assets primaniv come from lisbilites or stockholders"? equity
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