Question: please help, will rate 7. vilma's Vegetable Market had the following transactions during 2010: 1. Issued $25,000 of par value common stock for cash. 2.

please help, will rate
please help, will rate 7. vilma's Vegetable Market had the following transactions

7. vilma's Vegetable Market had the following transactions during 2010: 1. Issued $25,000 of par value common stock for cash. 2. Recorded and paid wages expense of $10,000. 3. Acquired land by issuing common stock of par value $50,000. 4. Declared and paid a cash dividend of $1,000. 5. Sold a long-term investment (cost $3,000) for cash of $3,000. 6. Recorded cash sales of $20,000. 7. Bought inventory for cash of $2,000. 8. Acquired an investment in IBM stock for cash of $6,000. 9. Converted bonds payable to common stock in the amount of $10,000. 10. Repaid a 6 year note payable in the amount of $11,000. What is the net cash provided by operating activities? a. $20,000 b. $18,000. c. $10,000. d. $8,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!