Bean Town Food Equipment Company had the following transactions for the month ending February 29, 2016. Bean
Question:
Feb. 1 Common stock was issued to stockholders for $7,500 cash.
7 Purchased equipment for $2,500 on account.
14 Paid $18,000 cash for land.
17 Paid cash expenses: employees' salaries, $1,500; office rent, $1,800; utilities, $500.
23 Paid cash dividends of $3,000.
26 Earned service revenue for the month, $8,000, receiving cash.
Prepare the statement of cash flows of Bean Town Food Equipment Company for the month ended February 29, 2016. Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Related Book For 
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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