chpt 8.xlsx - Cpt 8 hmk 1 q1 rev exp 50000 22300 cash beg 0...

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Cpt 8\ hmk 1 q1 rev exp 50000 22300 cash beg 0 30000 50000 -22300 -10000 47700 capital 17700 q2 cash beg 0 70000 140000 75000 -39000 -2000 -4000 240000
70000 36000 140000 88000 18000 158000 154000 1 video example25000 sis wheeler Drake Cushing and Shawn Tadlock started the CT partnership on January 1, 2014. The business acquired $70,000 cash from Cushing and $140,000 from Tadlock. During 2014, the partnership earned $75,000 in cash revenues and paid $39,000 for cash expenses. Cushing withdrew $2,000 cash from the business, and Tadlock withdrew $4,000 cash. The net income was allocated to the capital accounts of the two partners in proportion to the amounts of their original investments in the business.
hmk 1\q3 cash 160000 71000 -46500 -5000 179500 q4 2-May-14 q5 Bozeman Corporation was started with the issue of 10,000 shares of $10 par common stock for cash on January 1, 2014. The stock was issued at a market price of $16 per share. During 2014, the company earned $71,000 in cash revenues and paid $46,500 for cash expenses. Also a $5,000 cash dividend was paid to the stockholders. Newly formed Electronics Services Corporation has 100,000 shares of $10 par common stock authorized. On March 1, 2014, Electronics Services issued 20,000 shares of the stock for $12 per share. On May 2 the company issued an additional 30,000 shares for $15 per share. Electronics Services was not affected by other events during 2014. ELECTRONICS SERVICES CORPORATION Horizontal Statements Model Date 1-Mar-14
1 Issued 40,000 shares of common stock for $1 2 Issued 20,000 shares of the class A preferred

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