acc102 hw 1 - 20,000 24,000 Ending Common Stock 40,000...

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 problem 29A   p. 38-9   2008   Assets   Cash   Land   =   Liabilities   +   28,000   30,000   25,000   1.   Issued CS   20,000   2.   Services   35,000   3.   Borrowed   25,000   25,000   4.   Expenses   (22,000)  5.   Land   (30,000)  30,000   56,000   60,000   50,000   2009   1.   Issued CS   24,000   2.   Services   95,000   3.   Paid Li.   (15,000)  (15,000)  4.   Expenses   (71,500)  5.   Dividen   (3,000)  6.   Land   (13,000)  85,500   47,000   35,000   132,500   Income Statement   for the year ended 12/31/08  12/31/2009  Balance Sheet   REV: Service Revenue   35,000   95,000   EXP: Expenses   22,000   71,500   NET INCOME   13,000   23,500   Assets:   Cash   Land   Statemnet of changes for SE   Total Assets   for the year ended 12/31/08  12/31/2009  Beginning Common Stoc  20,000   40,000   Liabilities:   Plus: Common Stock Iss
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Unformatted text preview: 20,000 24,000 Ending Common Stock 40,000 64,000 Stockholder Equity: Common Stock Retained Earning Beginning Retained Earn 13,000 26,000 Total SE Plus: Net Income 13,000 23,500 Total L + SE Less: Dividens - (3,000) Ending Retained Earnin 26,000 46,500 --> c D. Gained 16,500 E. 48,000 and 121,000 Stockholders Equity Common Stock + Retained Earning 20,000 13,000 20,000 35,000 (22,000) 40,000 26,000 24,000 95,000 (71,500) (3,000) (13,000) 64,000 33,500 December 31, 2008 December 31,2009 56,000 85,500 60,000 47,000 116,000 132,500 50,000 35,000 40,000 64,000 26,000 46,500 66,000 110,500 116,000 145,500...
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This note was uploaded on 04/08/2008 for the course ACCT 201 taught by Professor Carroll during the Spring '08 term at SUNY Oswego.

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acc102 hw 1 - 20,000 24,000 Ending Common Stock 40,000...

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