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The following information is available for Skysong Corporation for the year ended December 31, 2022: Collection of principal on long-term loan to a supplier
The following information is available for Skysong Corporation for the year ended December 31, 2022: Collection of principal on long-term loan to a supplier $30,000 Acquisition of equipment for cash 11,500 Proceeds from the sale of long-term investment at book value 22,700 Issuance of common stock for cash 21,300 Depreciation expense 29,900 Redemption of bonds payable at carrying (book) value 36,000 Payment of cash dividends 7,700 39,100 Net income Purchase of land by issuing bonds payable 49,300
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