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Pepper Company entered into the following transactions during 2011 which was its first year of operations a. The company was started when it issued common

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Pepper Company entered into the following transactions during 2011 which was its first year of operations a. The company was started when it issued common stock for $12,000cash. b. ABC purchased $400 of supplies on account. c. ABC earned $7,000 of revenue on account. d. Cash collections of receivables were $5,900. e. On October 1,2011, ABC paid $1,800 in advance for a one-year insurance policy. f. Supplies on hand as of December 31,2011 , amounted to $50. g. Paid a $200 cash dividend. The amount of net income reported on the December 31,2011 income statement would be 6200 The of cash flow from operating activities shown on the December 31,2011 statement of cash flows would be None of the above . The amount of retained earnings appearing on December 31,2011 balance sheet would be 6550 . The amount of total assets on December 31, 2011 balance sheet would be 20400

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