Posted by Kris on .
started the accounting period with $30000 in cash assets, $18000 of liabilities and 4000 - common stock. During the yer earned $48000, paid cash expenses of $32,000, paid a cash dividend to stockholders - $2000. Aquired $10,000 addition cash from sale of stock and paid $6000 cash to reduce liability. Show this on the T and in an income statement and statement of cash flows.
Although this is not my field, have a look at some of these sites: