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Eddies Electronics sells laptop computers for $425. At this price, the store sells 325 laptops Wolverine World Wide Inc., manufactures military work sport and casual
Eddies Electronics sells laptop computers for $425. At this price, the store sells 325 laptops Wolverine World Wide Inc., manufactures military work sport and casual footwear and leather accessories under a variety of brand names, such as Hush Puppies Wolverine Merrel. Side The following transactions occurred during a recent year. Dollars are in thousands , and Bates, to a balat issued common stock to investors for $14,090 cash example) b. Purchased 5872.418 of additional inventory on account C. Borrowed $11,100 d. Sold 51.300.068 of products to customers on account cost of the products sold was $753,547 e Paid cash dividends of $20 858 1. Purchased for cash 524,526 in additional property, plant, and equipment incurred $345.224 in selling penses, paying the fourths in cash and owing the rest on account h. Earned $1,761 interest on investments receiving 90 percent in cash Lincurred $2.300 in interest expense to be paid the beginning of next year Required: For each of the transactions, complete the tabulation indicating the effect positive value for increase, negative value for decrease, and leave blank if notect of each transaction Remember that A L SERE NI, and afects SE through Retained Earnings) The first transaction is provided as an example Enter the revenue side and the cost of goods sold side of the transaction en separaties in the table. Do not nettheettects on Stockholders' Equity or Net Income.) Assets Balance Sheet abilities Stockholders Revenue Income Statement Expenses Net Income LILIT
Eddies Electronics sells laptop computers for $425. At this price, the store sells 325 laptops
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