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Required information The following information applies to the questions displayed below.) The following transactions apply to Hooper Co. for 2013, its first year of operations
Required information The following information applies to the questions displayed below.) The following transactions apply to Hooper Co. for 2013, its first year of operations 8 on it issued $100,000 of common stock for cash. 2. Provided $98,000 of services on account 3 collected $82,000 cash from accounts receivable 4 Loaned $$15,000 to Mosby Co. on November 30, 2018. The note had a one-year term to maturity and a 10 percent interest rate 5. Paid $32,000 of salaries expense for the year 6. Paid a $2,500 dividend to the stockholders 7. Recorded the accrued interest on December 312018 (see Item 4) 8. Estimated that 1 percent of service revenue will be uncollectible. eBook Required a Show the effects of these transactions in a horizontal statements model like the one shown as follows. Enter any decreases to account balances and cash outflows with a minus not signDo intermediate calculations and round outlows with a minus not round nearest whole number.) your final answers to HOOPER CO. Horizontal Statements Model Equity Income Statement Accounts Event Allowance for Doubtfull Receivable Receivable Revenue Accounts Stock COOOOOOOOTH Cash I ODOOOOOOOOD Required information The following information applies to the questions displayed below.) The following transactions apply to Hooper Co. for 2013, its first year of operations 8 on it issued $100,000 of common stock for cash. 2. Provided $98,000 of services on account 3 collected $82,000 cash from accounts receivable 4 Loaned $$15,000 to Mosby Co. on November 30, 2018. The note had a one-year term to maturity and a 10 percent interest rate 5. Paid $32,000 of salaries expense for the year 6. Paid a $2,500 dividend to the stockholders 7. Recorded the accrued interest on December 312018 (see Item 4) 8. Estimated that 1 percent of service revenue will be uncollectible. eBook Required a Show the effects of these transactions in a horizontal statements model like the one shown as follows. Enter any decreases to account balances and cash outflows with a minus not signDo intermediate calculations and round outlows with a minus not round nearest whole number.) your final answers to HOOPER CO. Horizontal Statements Model Equity Income Statement Accounts Event Allowance for Doubtfull Receivable Receivable Revenue Accounts Stock COOOOOOOOTH Cash I ODOOOOOOOOD
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