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Egent Corporation's current yeor income statement, comparative balance sheets, and additional information follow. For the year, ( 1 ) oll soles ore credit soles. (

Egent Corporation's current yeor income statement, comparative balance sheets, and additional information follow. For the year,
(1) oll soles ore credit soles.
(2) all credits to Accounts Receivable reflect cash receipts from customers,
(3) oll purchoses of inventory ore on credit,
(4) oll debits to Accounts Poyoble reflect cash payments for inventory.
(5) Other Expenses are all cosh expenses, and
(6) any change in Income Toxes Payoble reflects the occruol and cash payment of taxes.
EGERT CORPRATIos
Comparative Balance shects
December 31
Additional Information on Current Year Transactions
a. Punchssed equipment for $46,000 cssh.
b. Issued 15,000 sheres of common stock for $5 cesh per shsre.
c. Decisrec end poid $61,490 in cosh dividends.
Requirerwerk
Cxtmenterat.
Gtater
Thia Balarce Direat Methad
Inuintatat
Mellind
3.t. current year besturict.
Journal entry worksheet
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Ascount Tits
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Crequit
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