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ExxonMobil Corporation issues bonds worth $200,000,000. ExxonMobil Corporation purchases raw materials on credit for $50,000,000. ExxonMobil Corporation sells petroleum products for $300,000,000 in cash. ExxonMobil
- ExxonMobil Corporation issues bonds worth $200,000,000.
- ExxonMobil Corporation purchases raw materials on credit for $50,000,000.
- ExxonMobil Corporation sells petroleum products for $300,000,000 in cash.
- ExxonMobil Corporation pays $60,000,000 for refining expenses.
- ExxonMobil Corporation pays $40,000,000 in wages.
- ExxonMobil Corporation receives $20,000,000 in cash for transportation services.
- ExxonMobil Corporation buys refinery equipment for $100,000,000 cash.
- ExxonMobil Corporation incurs $15,000,000 in marketing expenses.
- ExxonMobil Corporation declares and pays dividends of $30,000,000.
- ExxonMobil Corporation records $20,000,000 in depreciation expense.
- Record those transactions in a journal.
- Prepare a trial balance.
- Prepare an income statement for the year ended.
- Prepare a balance sheet for the year ended.
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