Use the Boost Plus, Inc. data in Exercise E14-21 to prepare the spreadsheet for the 2018 statement
Question:
In Exercise E14-21
The income statement of Boost Plus, Inc. follows:
Additional data follow:
a. Acquisition of plant assets is $124,000. Of this amount, $108,000 is paid in cash and $16,000 by signing a note payable.
b. Cash receipt from sale of land totals $20,000. There was no gain or loss.
c. Cash receipts from issuance of common stock total $36,000.
d. Payment of notes payable is $15,000.
e. Payment of dividends is $5,000.
f. From the balance sheet:
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Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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