Business, 23.09.2021 06:40 clwalling04

A. Issued common stock to investors for $19.4 cash (example). b. Purchased $1,637.6 of additional inventory on account.
c. Paid $69.1 on long-term debt principal and $5.6 in interest on the debt.
d. Sold $2,340 of products to customers on account; cost of the products sold was $1,433.6. (Hint: There are two separate effects needed for (d): one for earning revenue and one for incurring an expense.)
e. Paid cash dividends of $36 to shareholders.
f. Purchased for cash $36.4 in additional property, plant, and equipment.
g. Incurred $718.6 in selling expenses, paying three-fourths in cash and owing the rest on account.
h. Earned $0.5 of interest on investments, receiving 80 percent in cash.
i. Incurred $41 in interest expense to be paid at the beginning of next year.

Required:
For each of the transactions, complete the tabulation, indicating the effect (positive value for increase, negative value for decrease, and leave blank if no effect) of each transaction.

Answers: 2

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A. Issued common stock to investors for $19.4 cash (example). b. Purchased $1,637.6 of additional...

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