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Crawford Enterprises started the 2014 accounting period with $52,000 of assets (all cash). $19,000 of liabilities, and $16,000 of common stock Dungs the year. Crawford

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Crawford Enterprises started the 2014 accounting period with $52,000 of assets (all cash). $19,000 of liabilities, and $16,000 of common stock Dungs the year. Crawford earned cash revenues of $47,500. paid cash expenses of $38,000. and paid a cash dividend to stockholders of $3,200 Crawford also acquired $27,000 of additional cash from the sale of common stock and paid $10,500 cash to reduce the liability owed to a bank

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