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Income Statement Preparation.
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The following selected information is taken from the records of Beckstrom Corporation. Accounts payable... $35,000 Accounts receivable... 65,000 Advertising expense... 15,000 Cash... 19,500 Supplies expense... 46,000 Rent expense... 10,000 Utilities expense... 3,000 ...
Equity transactions and statement preparation
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On jan 5, '03 Drabek Corp received a charter granting the right to issue 5,000 shares of $100 par value, 8% cumulative and nonparticipating preferred stock and 50,000 shares of $5 par value common stock. It then completed these transactions. Jan 11 Issued 20,000 shares of common stock at $16... View more questions Search
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