Question
Need income statement, balance sheet, and stockholders equity 1. Paid a $44,000 cash dividend previously declared for stockholders 2. Paid wages payable accrued in previous
Need income statement, balance sheet, and stockholders equity
1. Paid a $44,000 cash dividend previously declared for stockholders
2. Paid wages payable accrued in previous month
3. Acquired $450,000 in January by signing a note payable with a local bank
4. Sold 15,000 shares of $10 par Common Stock for $220,000
5. Sold 4,000 shares of $40 par, 3% cumulative preferred stock for $240,000
6. Purchased a Truck and piece of Equipment for $138,000. The truck has a market value of 63,000 and the equipment has a market value of 77,000.
7. Purchased 45,000 Units of Inventory on Account for $8.15 per unit
8. Sold 65,000 units at $44.50 on Account
9. Record COGS for Sale of 65,000 units on Account (from previous event)
10. Collect $1,570,000 on Account
11. Paid $540,250 of Accounts Payable
12. Purchased 70,000 Units of Inventory on Account for $8.50 per unit
13. Sold 75,000 units at $44.50 on Account
14. Record COGS for Sales of 75,000 units on Account
15. Collect $2,474,500 on Account
16. Paid $438,500 of Accounts Payable
17. Collect $1,735,000 on Account
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