Question: just do d. please 13. Tom started his business by issuing $2,000 of common stock on 1/1/10. Tore performed $8,000 of service on account in
13. Tom started his business by issuing $2,000 of common stock on 1/1/10. Tore performed $8,000 of service on account in 2010 . He collected 56,000 of this amount in 2010 . He paid operating expenses of s4, 500 and paid a $500 dividend to the stockholders. Required: (a.) What is the amount of total assets at the end of 2010 ? (b.) What is the amount of cash on hand at the end of 20 to? (c.) What is the net income for 2010 ? (d.) Prepare a balance sheet for 2010. (Space for horizontal model you are not required to use the Horizontal Model)
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