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Module 6.1 Cash Flow D-2 Financing Activities

Module 6.1 Cash Flow D-2 Financing Activities - $1,000...

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Penguin's Comparative Balance Sheets December 31, 2009 Assets 12/31/2009 12/31/2008 Cash $8,000 $6,000 Accounts Receivable $2,000 $1,000 Inventory $2,000 $3,000 Investments $4,000 $2,000 Property, Plant and Equipment $17,000 $15,000 Accumulated Depreciation $(6,000) $(4,000) Total Assets $27,000 $23,000 Liabilities & Stockholders' Equity Accounts Payable $7,000 $5,000 Notes Payable
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Unformatted text preview: $1,000 $7,000 Common Stock $3,000 $2,000 Retained Earnings $16,000 $9,000 Total Liabilities & Stockholders' Equity $27,000 $23,000 the change in retained earnings was due to net income of $10,000 and payment of $3,000 of dividends Issue Common stock 1,000.00 Payment dividends (3,000.00) Notes payable (6,000.00) (8,000.00)...
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