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Coca-Cola Company issues common stock worth $50,000,000. Coca-Cola Company purchases raw materials on credit for $6,500,000. Coca-Cola Company sells beverages for $22,000,000 in cash. Coca-Cola
- Coca-Cola Company issues common stock worth $50,000,000.
- Coca-Cola Company purchases raw materials on credit for $6,500,000.
- Coca-Cola Company sells beverages for $22,000,000 in cash.
- Coca-Cola Company pays $3,000,000 for manufacturing expenses.
- Coca-Cola Company pays $2,800,000 in wages.
- Coca-Cola Company receives $1,800,000 in cash for services rendered.
- Coca-Cola Company buys bottling equipment for $3,500,000 cash.
- Coca-Cola Company incurs $900,000 in advertising expenses.
- Coca-Cola Company declares and pays dividends of $2,200,000.
- Coca-Cola Company records $900,000 in depreciation expense.
- Record those transactions in a journal.
- Prepare a trial balance.
- Prepare an income statement for the year ended.
- Prepare a balance sheet for the year ended.
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