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Pepper Company entered into the following transactions during 2012 which was its first year of operations: 1. Issued common stock for $20,000 cash. 2. Purchased
Pepper Company entered into the following transactions during 2012 which was its first year of operations: 1. Issued common stock for $20,000 cash. 2. Purchased $600 of supplies on account. 3. Eamed $6,000 of revenule on account. 4. Collected 5,500 cash from accounts receivable. 5. Paid S1,200 for a one year contract to rent office space beginning February 1, 2012. 6. Paid a 5100 cash dividend. 7. Supplies on hand as of December 31, 2012, amounted to $100. 8. Made the adjusting entry necessary to recognize rent expense. The amount of net income reported on Pepper's December 31, 2012 income statement would be The amount of total assets on Penner's December 31, 2012 balance sheet would be The amount of retained onm: appearing on Pepper's December 31, 2012 balance sheet would be The amount of net cash flouic. Q Search
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