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Hello please help me with this. ABC Company Transaction Analysis The ABC Company had the following transactions in 2 0 2 1 , the first
Hello please help me with this. ABC Company Transaction Analysis The ABC Company had the following transactions in the first year of it;s operations: Issued shares of stock at $ per share Borrowed $ Purchased building for $ Purchased inventory on credit for $ Paid supplier $ Company president sold shares of ABC stock from his personal holding As a favor the company president, Robert displayed the compay logo in his movie Sold merchendise for $ on credit Cost of the merchandise sold in is $ Salary paid to managers $ Use of building useful life years, salvage value $ Interest expense on load @ Dividends declared and paid $ Required: a Record these business transactions using the provded spread sheet template B Prepare an income statement a statement of retained earnings a balance sheet, a statement of cash flows for the first year of the ABC company
Hello please help me with this.
ABC Company Transaction Analysis
The ABC Company had the following transactions in the first year of it;s operations:
Issued shares of stock at $ per share
Borrowed $
Purchased building for $
Purchased inventory on credit for $
Paid supplier $
Company president sold shares of ABC stock from his personal holding
As a favor the company president, Robert displayed the compay logo in his movie
Sold merchendise for $ on credit
Cost of the merchandise sold in is $
Salary paid to managers $
Use of building useful life years, salvage value $
Interest expense on load @
Dividends declared and paid $
Required:
a Record these business transactions using the provded spread sheet template
B Prepare an income statement a statement of retained earnings a balance sheet, a statement of cash flows for the first year of the ABC company
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