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The following items were gathered from Blossom Industries general ledger: Sale of marketable securities Depreciation and amortization expense Payment of cash dividends Proceeds from disposal
The following items were gathered from Blossom Industries general ledger:
Sale of marketable securities Depreciation and amortization expense Payment of cash dividends Proceeds from disposal of equipment Loss on disposal of equipment Net income Beginning Cash balance Purchase of equipment Decrease in Accounts Receivable Proceeds from issuing common stock Increase in Inventory Increase in Accounts Payable Ending Cash balance 13,500 23,762 3,043 819 150 25,543 19,100 21,132 1,048 2,041 3,265 4,350 62,873Step by Step Solution
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