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Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $70,000 cash to start the business and received 4,500 shares of common stock. The store completed its first year of operations on December 31, current year. On that date, the following financial items for the year were determined: December 31, current year, cash on hand and in the bank, $69,250; December 31, current year, amounts due from customers from sales of books, $42,500; unused portion of store and office equipment, $74,500; December 31, current year, amounts owed to publishers for books purchased, $13,800; one-year note payable to a local bank for $3,100. No dividends were declared or paid to the stockholders during the year.
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Required information [The following information applies to the questions displayed below.) Bennett Griffin and Chula Garza...
Required information [The following information applies to the questions displayed below.) Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $70,300 cash to start the business and received 4,800 shares of common stock. The store completed its first year of operations on December 31, current year. On that date, the following financial items for the year were determined: December 31, current year, cash on hand and in the bank, $70,250; December 31, current year,...
Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $71,500...
Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $71,500 cash to start the business and received 4,700 shares of common stock. The store completed its first year of operations on December 31, current year. On that date, the following financial items for the year were determined: December 31, current year, cash on hand and in the bank, $68,650; December 31, current year, amounts due from customers from sales of books, $43,000; unused portion...
Saved Save & Exit od 20 Help E1-5 (Algo) Completing a Balance Sheet and Inferring Net...
Saved Save & Exit od 20 Help E1-5 (Algo) Completing a Balance Sheet and Inferring Net Income L01-1 [The following information applies to the questions displayed below.) Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $70,700 cash to start the business and received 4,200 shares of common stock. The store completed its first year of operations on December 31, current year. On that date, the following financial items for the year were determined:...
Required information [The following information applies to the questions displayed below.] Bennett Griffin and Chula Garza...
Required information [The following information applies to the questions displayed below.] Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $70,200 cash to start the business and received 5,400 shares of common stock. The store completed its first year of operations on December 31, current year. On that date, the following financial items for the year were determined: December 31, current year, cash on hand and in the bank, $68,850; December 31, current year,...
MC LUT [The following information applies to the questions displayed below.) Bennett Griffin and Chula Garza...
MC LUT [The following information applies to the questions displayed below.) Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $70,800 cash to start the business and received 5,100 shares of common stock. The store completed its first year of operations on December 31, current year. On that date, the following financial items for the year were determined: December 31, current year, cash on hand and in the bank, $69,550: December 31, current year,...
Save It Check my wor Required information (The following information applies to the questions displayed below.)...
Save It Check my wor Required information (The following information applies to the questions displayed below.) Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $71,400 cash to start the business and received 5,200 shares of common stock. The store completed its first year of operations on December 31, current year. On that date, the following financial items for the year were determined: December 31, current year, cash on hand and in the bank,...
Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation, each contributed $71,200...
Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation, each contributed $71,200 cash to start the business and received 5,200 shares of common stock. The store completed its first year of operations on December 31, current year. On that date, the following financial items for the year were determined: December 31, current year, cash on hand and in the bank, $69,650; December 31, current year, amounts due from customers from sales of books, $42,500; unused portion...
I need help filling out the blanks and finding out the net income. Thank you Bennett...
I need help filling out the blanks and finding out the net
income. Thank you
Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $80,000 cash to start the business and received 4,000 shares of common stock. The store completed its first year of operations on December 31, current year. On that date, the following financial items for the year were determined: December 31, current year, cash on hand and in the bank, $75,600;...
answer the box in second picture unused portion of store and office equipment, $79,500; December 31,...
answer the box in second picture
unused portion of store and office equipment, $79,500; December 31, current year, amounts owed to publishers purchased, $12,900; one-year note payable to a local bank for $3.700. No dividends were declared or paid to the stockholders during the year. Required: 1. Complete the following balance sheet as of the end of current year. Some information has been given below. Assets Cash Accounts receivable Store and office equipment Answer is complete and correct. COLE VALLEY...
Carlos Ramirez and Camila Garza organized New World Book Store as a corporation, each contributed $80,000...
Carlos Ramirez and Camila Garza organized New World Book Store as a corporation, each contributed $80,000 cash to start the business and received 4,000 shares of common stock. The store completed its first year of operations on December 3. Current year on that date, the following financial items for the year were determine; December 31, current year, cash on hand and in bank, $75,600, December 31, current year, amounts due from customers from sales of books, $39,000, unused portion of...
Required information [The following information applies to the questions displayed below.) Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $70,300 cash to start the business and received 4,800 shares of common stock. The store completed its first year of operations on December 31, current year. On that date, the following financial items for the year were determined: December 31, current year, cash on hand and in the bank, $70,250; December 31, current year,...
Saved Save & Exit od 20 Help E1-5 (Algo) Completing a Balance Sheet and Inferring Net Income L01-1 [The following information applies to the questions displayed below.) Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $70,700 cash to start the business and received 4,200 shares of common stock. The store completed its first year of operations on December 31, current year. On that date, the following financial items for the year were determined:...
MC LUT [The following information applies to the questions displayed below.) Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $70,800 cash to start the business and received 5,100 shares of common stock. The store completed its first year of operations on December 31, current year. On that date, the following financial items for the year were determined: December 31, current year, cash on hand and in the bank, $69,550: December 31, current year,...
Save It Check my wor Required information (The following information applies to the questions displayed below.) Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $71,400 cash to start the business and received 5,200 shares of common stock. The store completed its first year of operations on December 31, current year. On that date, the following financial items for the year were determined: December 31, current year, cash on hand and in the bank,...
Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation, each contributed $71,200 cash to start the business and received 5,200 shares of common stock. The store completed its first year of operations on December 31, current year. On that date, the following financial items for the year were determined: December 31, current year, cash on hand and in the bank, $69,650; December 31, current year, amounts due from customers from sales of books, $42,500; unused portion...
I need help filling out the blanks and finding out the net
income. Thank you
Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $80,000 cash to start the business and received 4,000 shares of common stock. The store completed its first year of operations on December 31, current year. On that date, the following financial items for the year were determined: December 31, current year, cash on hand and in the bank, $75,600;...
answer the box in second picture
unused portion of store and office equipment, $79,500; December 31, current year, amounts owed to publishers purchased, $12,900; one-year note payable to a local bank for $3.700. No dividends were declared or paid to the stockholders during the year. Required: 1. Complete the following balance sheet as of the end of current year. Some information has been given below. Assets Cash Accounts receivable Store and office equipment Answer is complete and correct. COLE VALLEY...
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