Question
Need income statement, balance sheet, inventory tracking, and stockholders equity Beginning balances below 1. Paid a $44,000 cash dividend previously declared for stockholders 2. Paid
Need income statement, balance sheet, inventory tracking, and stockholders equity
Beginning balances below
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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