Selected transactions for Wildhorse Corporation during September 2018, its first month in business, are presented below. Sept. 1 Issued common shares in exchange for $22.000 cash 2 Paid $1,400 cash for rent for the month of September. 5 Purchased equipment for $10,900, paying $1,800 in cash and the balance on account. 8 Earned $7.500 in revenue, receiving $1,100 cash and $6.400 on account of services provided. 12 Incurred $600 in advertising expense on account. 20 Paid $3,000 for repairs and maintenance expenses. 25 Paid $4.900 cash on balance owed for equipment 27 Incurred and paid income taxes for the month amounting to $900, 30 Declared and paid a $500 cash dividend. The chief financial offer of Martin Corporation requested that the counting department prepare a preliminary statement of financial position on December 2010 Octwem stood. He knows that certain debt agreements with its creditors the company to maine 21. The principionissos MARTINEZ CORP Statement of Financial Position December 30, 2018 Assets Current Ourrenties Cash $30,000 Accounts payable $25.200 Accounts receivable 30.000 15.400 $40.00 Prepaid insurance 3432 56932 Non-current Property, plant and equipment net) 194.168 Bukan payable 2100 Totales $264.000 Totalbes 13700 Shareholders Common shares 100 300 40.000 140,300 Tbilities and shareholders equity $254.000 Selected transactions for Wildhorse Corporation during September 2018, its first month in business, are presented below. Sept. 1 Issued common shares in exchange for $22.000 cash 2 Paid $1,400 cash for rent for the month of September. 5 Purchased equipment for $10,900, paying $1,800 in cash and the balance on account. 8 Earned $7.500 in revenue, receiving $1,100 cash and $6.400 on account of services provided. 12 Incurred $600 in advertising expense on account. 20 Paid $3,000 for repairs and maintenance expenses. 25 Paid $4.900 cash on balance owed for equipment 27 Incurred and paid income taxes for the month amounting to $900, 30 Declared and paid a $500 cash dividend. The chief financial offer of Martin Corporation requested that the counting department prepare a preliminary statement of financial position on December 2010 Octwem stood. He knows that certain debt agreements with its creditors the company to maine 21. The principionissos MARTINEZ CORP Statement of Financial Position December 30, 2018 Assets Current Ourrenties Cash $30,000 Accounts payable $25.200 Accounts receivable 30.000 15.400 $40.00 Prepaid insurance 3432 56932 Non-current Property, plant and equipment net) 194.168 Bukan payable 2100 Totales $264.000 Totalbes 13700 Shareholders Common shares 100 300 40.000 140,300 Tbilities and shareholders equity $254.000
