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Trying this again. Thanks for the help, though please format as clearly as possible. Required information The following information applies to the questions displayed below.]
Trying this again. Thanks for the help, though please format as clearly as possible.
Required information The following information applies to the questions displayed below.] Part 4 of 4 Laser Delivery Services, Inc. (LDS), was incorporated January 1. The following transactions occurred during the year: points a. Received $36.000 cash from the company's founders in exchange for common stock. b. Purchased land for $10,500, signing a two-year note (ignore interest). c. Bought two used delivery trucks at the start of the year at a cost of $12,000 each; paid $3,500 cash and signed a note due in three years for $20,500 (ignore interest). d. Paid $1,100 cash to a truck repair shop for a new motor, which increased the cost of one of the trucks. e Stockholder Jonah Lee paid $250,000 cash for a house for his personal use. eBook Hint 4. Prepare a classified balance sheet for LDS at December 31. Include Retained Earnings on the balance sheet even though the account has a zero balance. Print References LASER DELIVERY SERVICES, INC. Balance Sheet At December 31 $ 0
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