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I am stucking with question e. a Received $70,000 cash invested by owners and issued common stock . Bought an unused field from a local
I am stucking with question e. a Received $70,000 cash invested by owners and issued common stock . Bought an unused field from a local former by paying $60,000 cash. As a construction site for smaller projects, it is estimated to be worth $65.000 to JK Builders c. A lumber supplier delivered lumber supplies to JK Builders for future use. The lumber supplies would have normally sold for $10,000, but the supplier gave K. Builders a 10 percent discount JK Builders has not yet received the $9,000 bill from the supplies d. Borrowed $25,000 from the bank with a plan to use the funds to build a small workshop in August. The loan must be repaid in two years e. One of the owners sold $10,000 worth of his common stock to another shareholder for $11.000 Assets Answer is complete but not entirely correct. Liabilities Common Stock Stockholders' Equity TO D b | Cash Land Cash Supplies Cash 70,000 60,000 60,000) 9,000 25.000 Accounts Payable Notes Payable (longterm) 0.000 25,000 d Common Stock 11.1 811 Total 104.000 2000
I am stucking with question e.
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