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Lone Star Overnight, Inc. (LSO), was incorporated January 1. The following transactions occurred during the year: Received $39211 cash from the company's shareholder Amy
Lone Star Overnight, Inc. (LSO), was incorporated January 1. The following transactions occurred during the year: Received $39211 cash from the company's shareholder Amy Fowler in exchange for common stock. Bought a used delivery truck at the start of the year at a cost of $19054 paid $2,000 cash and signed a note due in three years for rest (ignore interest). Stockholder Amy Fowler paid $11758 cash for a car for her personal use. After recording these transactions, LSO's total assets will be $
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