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The third picture shows the droplist of options. I have to enter in dollar amounts next to them Mark's Consulting experienced the following transactions for
The third picture shows the droplist of options. I have to enter in dollar amounts next to them
Mark's Consulting experienced the following transactions for Year 1, its first year of operations, and Year 2. Assume that all transactions involve the receipt or payment of cash. Transactions for Year 1 1. Acquired $85,000 by Issuing common stock 2. Received $100,000 cash for providing services to customers 3. Borrowed $16,000 cash from creditors 4. Pald expenses amounting to $53,000 5. Purchased land for $40,000 cash Transactions for Year 2 Beginning account balances for Year 2 ore Cash wand Notes payable Con stock Retained earnings 5108,000 40,000 20.000 09,000 47,000 1. Acquired an additional $26.000 from the issue of common stock 2. Received $137.000 for providing services 3. Pald $11,000 to creditors to reduce loon 4 Pald expenses amounting to $60.000 5. Paid $15.500 dividend to the stockholder 6. Determined that the market value of the land is $50.000 Chow to conting action canvi Capet for and werk en de Cash for expenses Chanborrowed funds Chrome 140,000 0.000 home 1 World 140.000 140,000 How to Ending cash bace $ MARKS CONSULTING SERVICES statement of Cash Flow For the Yew Ended December Cash payment for andStep by Step Solution
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