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Question 3 X Corp has the following transactions during the year: 1. Long-Term Notes Payable, beginning balance, $83,000 2. Long-Term Notes Payable, ending balance, $73,000
Question 3 X Corp has the following transactions during the year: 1. Long-Term Notes Payable, beginning balance, $83,000 2. Long-Term Notes Payable, ending balance, $73,000 3. Common Stock, beginning balance, $3400 4. Common Stock, ending balance, $28,000 5. Retained Earnings, beginning balance, $77,000 6. Retained Earnings, ending balance, $120,000 7. Treasury Stock, beginning balance, $5800 8. Treasury Stock, ending balance, $10,200 9. No stock was retired. 10. No treasury stock was sold. 11. During the year, the company repaid $39,000 of long-term notes payable. 12. During the year, the company borrowed $29,000 on new long-term notes payable. 13. Net income for the year was $50,000. 14. Assume all dividends declared during the year were paid. What is the net cash provided by financing activities? ($10,000) $20,200 $3200 $13,200
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