Question: Hello please help me with this. ABC Company Transaction Analysis The ABC Company had the following transactions in 2 0 2 1 , the first

Hello please help me with this.
ABC Company Transaction Analysis
The ABC Company had the following transactions in 2021, the first year of it;s operations:
1. Issued 10 shares of stock at $6 per share
2. Borrowed $100
3. Purchased building for $100
4. Purchased inventory on credit for $60
5. Paid supplier $40
6. Company president sold 2 shares of ABC stock from his personal holding
7. As a favor the company president, Robert displayed the compay logo in his movie
8. Sold merchendise for $80 on credit
9. Cost of the merchandise sold in (8) is $50
10. Salary paid to managers $5
11. Use of building (useful life =18 years, salvage value = $10)
12. Interest expense on load @ 5%
13. Dividends declared and paid $5
Required:
a. Record these business transactions using the provded spread sheet template
B. Prepare (1) an income statement (2) a statement of retained earnings (3) a balance sheet, (4) a statement of cash flows for the first year of the ABC company

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