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Required information Problem 2-20A (Algo) Showing how events affect the horizontal financial statements model LO 21 The following information applies to the questions displayed below)

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Required information Problem 2-20A (Algo) Showing how events affect the horizontal financial statements model LO 21 The following information applies to the questions displayed below) Maben Company was started on January 1 Yeart and experienced the following events during ts first year of operations 1 Acquired 532.000 cash from the sue of common stock 2 Borowed 544000 cash from National Bank 3.Earned cash revenues of $60.000 for performing services 4. Paid cash expenses of $51.000 S. Paid a $2.200 cash dividend to the stockholders 6. Acquired an additional $32000 cash from the issue of common stock 7 Paid $11.000 cash to reduce the principal balance of the bank note 8 Paid $49000 cash to purchase and 9 Determined that the market value of the land is 569000 Problem 2-20A (Algo) Part c Identify the asset source transactions and related amounts for Year 1 Souro Erol Tutal sources of

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