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Business, 21.04.2021 01:50 swagbruh6790

Issued common stock to investors for $20.4 cash (example). Purchased $1,700.6 of additional inventory on account. Paid $50.1 on long-term debt principal and $4.6 in interest on the debt. Sold $2,301 of products to customers on account; cost of the products sold was $1,402.6. (Hint: There are two separate effects needed for (d): one for earning revenue and one for incurring an expense.) Paid cash dividends of $34 to shareholders. Purchased for cash $31.4 in additional property, plant, and equipment. Incurred $709.6 in selling expenses, paying three-fourths in cash and owing the rest on account. Earned $1 of interest on investments, receiving 80 percent in cash. Incurred $38 in interest expense to be paid at the beginning of next year

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Issued common stock to investors for $20.4 cash (example). Purchased $1,700.6 of additional inventor...

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