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Given the following information, what is Gulgowski Co's change in cash? Issued stock in exchange for land worth $39,000 Sold inventory for $350,000. Half of
Given the following information, what is Gulgowski Co's change in cash? Issued stock in exchange for land worth $39,000 Sold inventory for $350,000. Half of the sales were on account. Inventory sold cost $250,000. Inventory was purchased on account. Paid wages payable of $38,000 in cash Sold equipment with a net book value of $20,000 for $15,000 cash
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