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Would someone please help with this! Please and Thank you! May 31, 2018 June 30, 2018 Total Assets $ 122,000 $ 287,000 Total Liabilities 66,000
Would someone please help with this! Please and Thank you!
May 31, 2018 | June 30, 2018 | |
---|---|---|
Total Assets | $ 122,000 | $ 287,000 |
Total Liabilities | 66,000 | 144,000 |
For each of the following situations that occurred in June, 2018 with regard to common stock and dividends of a corporation, compute the amount of net income or net loss during June 2018.
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The company issued $10,000 of common stock and paid no dividends.
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The company issued no common stock. It paid cash dividends of $3,000.
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The company issued $12,500 of common stock and paid cash dividends of $30,000.
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