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Unformatted text preview: Payment on loan of $12,000 equals the cash repayments made to the bank during the year. Notes Payable 23,000 Beginning balance Repayments 12,000 4,000 Additional loans 15,000 Ending balance Proceeds from sale of stock. This represents the cash received from the issuance of new shares to investors. Common Stock 20,000 Beginning balance 10,000 Issuance of stock 30,000 Ending balance...
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This note was uploaded on 11/15/2011 for the course ACCT 2310 taught by Professor Staff during the Spring '09 term at Texas State.
- Spring '09