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! Required Information Part 1 of 3 [ The following Information applles to the questions displayed below. ] Maben Company was started on January 1
Required Information
Part of
The following Information applles to the questions displayed below.
Maben Company was started on January Year and experienced the following events during its first year of operation:
points
Acquired $ cash from the issue of common stock.
Borrowed $ cash from National Bank.
Earned cash revenues of $ for performing services.
Pald cash expenses of $
eBook
Paid a $ cash dividend to the stockholders.
Acquired an additional $ cash from the issue of common stock.
Paid $ cash to reduce the principal balance of the bank note.
Pald $ cash to purchase land.
Print
Determined that the market value of the land is $
References
Required:
a Record the preceding transactions in the horizontal statements model. Also, in the Cash Flows column, classify the cash flows as operating activities OA Investing activities IA or financing activities FA If the element is not affected by the event, leave the cell blank. The first event is shown as an example.
Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed.
tableMABEN COMPANYHorizontal Financial Statements ModeltableEventNumberBalance Sheet,Income Statement,
tableStatement of CashFlowsAssets
tablefdeddbbdd
table Notes Payable Stockholders' Equity,Revenue,Expenses,
tableNetIncomeCashLand,tableCommonStocktableRetainedEarningsFAFAOAOAFAFAFAIATotalNlettethe last,lithe,,esign,,e net chang,,sh
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