Question
Required information Skip to question [The following information applies to the questions displayed below.] Maben Company was started on January 1, Year 1, and experienced
Required information
Skip to question
[The following information applies to the questions displayed below.] Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation:
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Acquired $29,000 cash from the issue of common stock.
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Borrowed $41,000 cash from National Bank.
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Earned cash revenues of $57,000 for performing services.
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Paid cash expenses of $49,500.
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Paid a $1,900 cash dividend to the stockholders.
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Acquired an additional $29,000 cash from the issue of common stock.
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Paid $10,000 cash to reduce the principal balance of the bank note.
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Paid $52,000 cash to purchase land.
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Determined that the market value of the land is $73,000.
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Determine the percentage of assets that were provided by investors, creditors, and earnings. (Round your answers to 2 decimal places.)
Investors %
Creditors %
Earrings %
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