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i need the answer for the blank parts please Maben Company was started on January 1 , Year 1, and experienced the following events during
i need the answer for the blank parts please
Maben Company was started on January 1 , Year 1, and experienced the following events during its first year of operation. 1. Acquired $36,000 cast from the issue of common stock. 2. Borrowed 534,000 cash from National Bank. 3. Earned cash revenues of $54,000 for performing services. 4. Paid cash expenses of $48,000 5. Paid a $1,600 cash dividend to the stockholders. 6. Acquired an additional $26,000 cash from the issue of common stock: 7. Paid $9.000 cash to reduce the principal balance of the bank note. 8. Paid $59,000 cash to purchase land. 9. Determined that the market value of the land is $83,000 f. Determine the percentage of assets that were provided by invertors, creditors, and earnings: (Round your answers to 2 decimal ploces) Requiredinformotion [The following information applies to the questions displayed betow] Maben Company was started on January 1 , Year 1 , and experienced the following events during its first year of operation 1. Acquired $36.000 cash from the issue of common stock. 2. Borrowed $34,000 cash from National Bank: 3. Earned cash revenues of $54,000 for performing services. 4. Paid cash expenses of $48,000 5. Paid a $1,600 cash dividend to the stockholders 6. Acquired an additional $26,000 cash from the issue of common stock 7. Paid $9,000 cash to reduce the principal balance of the banknote 8. Paid $59.000 cash to purchase land 9. Determined that the market value of the land is $83,000. Q. What is the balance in the Retained Earnings account immediately affer Event 3 is recoided? Required information [The following information applies to the questions dispiayed below] Maben Company was started on January 1, Year 1 , and expenenced the following events during its first year of operation 1. Acquired $36,000 cash from the istue of common stock. 2. Borrowed $34.000 eash from National Bank 3. Earmed cash revenues of $54,000 for performing services: 4. Paid cash expenses of $48.000 5. Paid a $1,600 cash dividend to the stockhoiders 6. Acquired an addational $26,000cash from the issue of cormamon stock. 7. Paid 59,000 cash to reduce the principal balance of tre bark note: 8. Paid $59.000 cash to purchase land 9 . Determined that the market value of the land is $83,000. d-1. Determine the net income that Moben would teport on the Year 1 income gtaternerit Required information [The following information applies to the questions disployed below] Maben Company was started on January 1 , Year 1 , and experienced the folowing events during its first year of operation: 1. Acquired $36,000 cash from the issue of common stock 2. Borrowed $34.000 cash from Nationat Bank. 3. Earned cash revenues of $54,000 for performing services 4. Paid cash expenses of $48.000. 5. Paid a $1,600 cash dividend to the stockholiders 6. Acquired an additional $26.000 cash from the issue of comingh stoct 7. Paid $9.000 cash to reduce the principal balance of the bank note 8. Paid 559,000 cash to purchase tand. 9. Determined that the market value of the land is $83.000 Year 1 statement of cosh flows. (Enter cash outfiows as negotive omounts) The following information applies to the questions displayed below] Maben Company was started on January 1. Year 1, and experienced the following events during its first year of operation: 1. Acquired $36,000 cash from the issue of common stock. 2 Borrowed $34,000 cash from National Bank 3. Eamed cash revenues of $54,000 for performing services 4. Paid cash expenses of $48,000. 5. Paid a $1,600 cash dividend to the stockholders 6. Acquired an additional $26.000 cash from the issue of common stock. 7. Paid $9,000 cash to reduce the principal balance of the bank note. 8. Paid $59,000 cash to purchase land. 9. Determined that the market value of the land is $83.000. c. Identify the asset source transactions and related amounts for Yeat 1 Step by Step Solution
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