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Snowcross, Inc. identified the following selected transactions that occurred during the year ended December 31, 2024 : (Click the icon to view the transactions.) More
Snowcross, Inc. identified the following selected transactions that occurred during the year ended December 31, 2024 : (Click the icon to view the transactions.) More info a. Issued 950 shares of $5 par common stock for cash of $19,000. b. Issued 4,700 shares of $5 par common stock for a building with a fair market value of $94,000. c. Purchased new truck with a fair market value of $33,000. Financed it 100% with a long-term note. d. Retired short-term notes of $23,000 by issuing 2,100 shares of $5 par common stock. e. Paid long-term note of $9,000 to Bank of Tallahassee. Issued new long-term note of $19,000 to Bank of Trust
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