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Consider the effects of the independent transactions, 1 through 11, on a companys balance sheet, income statement, statement of cash flows, and statement of stockholders
Consider the effects of the independent transactions, 1 through 11, on a companys balance sheet, income statement, statement of cash flows, and statement of stockholders equity.
- Stock was issued to investors for $
- Company borrowed money from a bank.
- Company purchased lawn mower with cash.
- Services were done for cash.
- Supplies were bought on credit.
- Wages were accrued at the end of the period.
- Rent was paid in cash.
- Supplies inventory was adjusted for items utilized
- Company paid interest on debt
- Company made a principle payment on debt
- Investors were paid a cash dividend
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