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Now you do one- The common stock outstanding was 10,000 shares on January 1, 2021. On July 1, 2021, Misty sold an additional 40,000 shares
Now you do one- The common stock outstanding was 10,000 shares on January 1, 2021. On July 1, 2021, Misty sold an additional 40,000 shares of common stock During 2021, the company paid a 126 The following balances are for Misty Company at December 31. 2021 2020 30,000 10.000 50.000 40.000 60,000 80.000 3,000 6,000 210,000 180,000 60.000 50,000 9,000 50,000 -0- 5,000 -0. 70,000 100,000 50,000 10,000 Sales 124.000 114,000 Cost of Goods Sold 200.000 Salary Expense 100,000 Rent Expense 40,000 Interest Expense 24.000 Depreciation Expense 6,000 10,000 dividend of 1/2 of 2021 taxes were paid in 2021, rest will be paid in 2022 Cash Accounts Receivable Inventory Prepaid Rent Equipment Accumulated Depreciation Equipment Security Deposit Accounts Payable Salaries Payable Interest Payable Taxes Payable Note Payable Common Stock Retained Earnings 8,000 40,000 10,000 No equipment was sold during the year. The tax rate is 21% and On the next page, prepare a statement of Cash flows in good form using the indirect method
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