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July 1, 2015

Homework Help: Accounting

Posted by Kris on Thursday, July 2, 2009 at 11:22am.

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.

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