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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

  1. ExxonMobil Corporation issues bonds worth $200,000,000.
  2. ExxonMobil Corporation purchases raw materials on credit for $50,000,000.
  3. ExxonMobil Corporation sells petroleum products for $300,000,000 in cash.
  4. ExxonMobil Corporation pays $60,000,000 for refining expenses.
  5. ExxonMobil Corporation pays $40,000,000 in wages.
  6. ExxonMobil Corporation receives $20,000,000 in cash for transportation services.
  7. ExxonMobil Corporation buys refinery equipment for $100,000,000 cash.
  8. ExxonMobil Corporation incurs $15,000,000 in marketing expenses.
  9. ExxonMobil Corporation declares and pays dividends of $30,000,000.
  10. ExxonMobil Corporation records $20,000,000 in depreciation expense.


  11. Record those transactions in a journal.
  12. Prepare a trial balance.
  13. Prepare an income statement for the year ended.
  14. Prepare a balance sheet for the year ended.

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