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If you could include an explanation of what you did to get what numbers would be great!Thank you! S14-7 (similar to) Data Table - XL
If you could include an explanation of what you did to get what numbers would be great!Thank you!
S14-7 (similar to) Data Table - XL Stenback Media Corporation had the following income statement and balance sheet for 2018: E (Click the icon to view the income statement) 5 (Click the icon to view the balance sheet.) Read the requirements. Stenback Media Corporation Comparative Balance Sheet December 31, 2018 and 2017 Requirement 1. Compute the acquisition of plant assets for Stenback Media Corporation during 2018. The business sold no plant assets during the year. Assume Assets 2018 2017 The acquisition of equipment is $ A Requirements x Data Table $ 5,100 $ 9,100 4,000 8,100 Current Assets Cash Accounts Receivable Long-term Assets: Plants Assets Accumulated DepreciationPlant Assets 1. Compute the acquisition of plant assets for Stenback Media Corporation during 2018. The business sold no plant assets during the year. Assume the company paid cash for the acquisition of plant assets. 2. Compute the payment of a long-term note payable. During the year, the business issued a $5,000 note payable. Stenback Media Corporation Income Statement Year Ended December 31, 2018 107,350 80,350 (30,350) (8,350) 91,200 $ 84,100 $ Total Assets Sales Revenue Depreciation ExpensePlant Assets 79,000 22,000 48,500 Liabilities Print Done Other Expenses $ 8,500 Net Income Current Liabilities: Accounts Payable Long-term Liabilities: $ 7,000 $ 6,500 Print Done Notes Pavable 12,000 16,000Step by Step Solution
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