Question
Need income statement, balance sheet, stockholders equity 18. Paid $383,150 of Accounts Payable 19. Purchased 175,000 Units of Inventory on Account for $8.75 per unit
Need income statement, balance sheet, stockholders equity 18. Paid $383,150 of Accounts Payable 19. Purchased 175,000 Units of Inventory on Account for $8.75 per unit 20. Paid Advertising & Marketing Expenses of $103,000 21. Paid Operating Expenses of $475,708 22. Paid Wages of $1,435,000 23. Record Wages Payable of $415,000 24. Made the yearly required payment on the note payable from event #3. The note carries a 8% interest rate and requires payments of $45,000 plus interest each December 31. (Record Principle & Interest as two separate entries) 25. Record first year of depreciation expense on truck purchased in Year 2 with salvage value of $14,000 & useful life of 5 Years 26. Record first year of depreciation expense on equipment purchased in Year 2 with salvage value of $36,000 & useful life of 7 Years 27. Record 2nd year of depreciation expense on building purchased in Year 1 with salvage value of $58,000 & useful life of 30 Years 28. Declared a $4.00 per share cash dividend for all shares outstanding for common stockholders 29. Declared a dividend on preferred shares outstanding
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