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Dakota company experienced the following events during 2018 1. acquired $30,000 cash from the issue of common stock. 2. paid $12,000 cash to purchase land.
Dakota company experienced the following events during 2018
1. acquired $30,000 cash from the issue of common stock.
2. paid $12,000 cash to purchase land.
3. borrowed $10,000 cash.
4. provides services for $20,000 cash
5. paid $1,000 cash for utilities expense
6. paid $15,000 cash for other operating expenses
7. paid a $2,000 cash dividend to the stockholders
8. determines that the market value of the land purchases in event 2 is now $12,700
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