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Required information The following information applies to the questions displayed below] Golden Corporation's current year income statement, comparative balance sheets, and additional information follow. For
Required information The following information applies to the questions displayed below] Golden Corporation's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts. Recelvable reflect cash recelpts from customers, (3) al purchases of imventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) any change in income Taxes Payable reflects the accrual and cash payment of taxes. Additional Information on Current Year Transactions a. Purchased equipment for $37,600 cash b. issued 12,100 shares of common stock for $5 cash per share. C. Declared and paid $90.000 in cash dividends. a. Hurchased equipment tor \$si/bou cast. b. Issued 12,00 thares of common rtock for $5 cash per shase. c. Declared and pasd $90,000 in cash ovolerds Required Note. Enter all arnounts as postive values
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