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The following information relates to Bob's Bat Store for the year ended December 31, 2023.a. The company purchased a building and fixtures with cash during
The following information relates to Bob's Bat Store for the year ended December 31, 2023.a. The company purchased a building and fixtures with cash during the year, but none were sold during 2023.a. The company purchased a building and fixtures with cash during the year, but none were sold during 2023. b. Cash dividends were declared and paid during the year, but no stock dividends were declared or paid during 2023. .c The company sold some common stock for cash during 2023, but did not purchase any treasury stock during the year.d. Land was purchased for cash during 2023. d. Land was purchased for cash during 2023. 2023 2022 cash 200,000 170,000 accounts receivable 335,000 300,000 inventory 200,000 100,000 total current assets 735,000 570,000 land 100,000 - bulding and fixtures 300,000 200,000 less accumulated depreciation (47,000) (24,000) total assets 1,088,000 746,000 accounts payable 200,000 160,000 taxes payable 92,000 60,000 total current liabilities 292,000 220,000 common stock 100,000 70,000 capital in excess of par 500,000 316,000 retained earnings 196,000 140,000 total stockholders equity 796,000 526,000 total liabilities and stockholders equity 1,088,000 746,000
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