Sandhill Ltd. had the following transactions in its first month of operations

1.Issued 19,000 common shares in exchange for $95,000 cash

2.Took out a $26.600 loan from the bank

3.Paid $29,200 to purchase inventory

4.Equipment costing $35.300 was purchased for $6,700 cash, with the balance on account.

5.Made sales of $50,000 to customers, with $11,400 being cash sales and the balance on account

6.The cost of the inventory sold to customers was $20.000

7 Paid employee wages totalling $5,400

8. Operating expenses of $3,100 were paid during the month

9 Deprecation of $800 was recorded for the month

10 Dividends of $950 were declared and paid during the month.

(a) Calculate the following amounts for the month (Enter lost using either a negative sign preceding the number eg-45 or parentheses

1.Sales revenue 2.Cost of goods sold 3.Total expenses other than cost of goods sold 4.Net Income or Loss

(B)Calculate the following amounts at the end of the month

1.cash on hand-

2.total assets other than cash-

3.total liabilities-

4.share capital-

5.retained earnings-

Sandhill Ltd. had the following transactions in its first month of operations: (a) Calculate the following amounts for the month: (Enter loss using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) Calculate the following amounts as at the end of the month: Attempts: 0 of 2 used