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Joans Vegetable Market had the following transactions during 2012: Issued $60,000 of par value common stock for cash. Repaid a 6 year note payable in
Joans Vegetable Market had the following transactions during 2012:
- Issued $60,000 of par value common stock for cash.
- Repaid a 6 year note payable in the amount of $21,000.
- Acquired land by issuing common stock of par value $50,000.
- Declared and paid a cash dividend of $5,000.
- Sold a long-term investment (cost $63,000) for cash of $6,000.
- Acquired an investment in IBM stock for cash of $10,000.
$12,000 |
$32,000 |
($4,000) |
$6,000 |
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