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The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 1. Issued 44,000 shares of common stock in exchange for $440,000 in cash 2 Purchased equipment at a cost of $54000 $17.000 cash was paid and a notes payable to the seller was signed for the balance 3. Purchased inventory on account at a cost of $106.000 The company uses the perpetual inventory system 4. Credit sales for the month totaled...
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The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 1. Issued 49,000 shares of common stock exchange for $490,000 in cash. 2. Purchased equipment at a cost of $59,000 $19,500 cash was paid and a notes payable to the seller was signed for the balance owed 3. Purchased inventory on account at a cost of $116,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled...
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The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale Warehouse 1. Issued 40,000 shares of common stock in exchange for $400,000 in cash 2. Purchased equipment at a cost of $50,000 $15,000 cash was paid and a notes payable to the seller was signed for the balance owed 3. Purchased inventory on account at a cost of $98,000. The company uses the perpetual inventory system 4 Credit sales for the month...
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The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 50,000 shares of common stock in exchange for $500,000 in cash. 2. Purchased equipment at a cost of $60,000. $20,000 cash was paid and a notes payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $118,000. The company uses the perpetual inventory system. 4. Credit sales for the month...
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The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 45,000 shares of common stock in exchange for $450,000 in cash. 2. Purchased equipment at a cost of $55,000 $17,500 cash was paid and a notes payable to the seller was signed for the balance owed 3. Purchased inventory on account at a cost of $108,000. The company uses the perpetual inventory system. 4. Credit sales for the month...
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The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 1. Issued 48,000 shares of common stock in exchange for $480,000 in cash. 2. Purchased equipment at a cost of $58,000. $19,000 cash was paid and a notes payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $114,000. The company uses the perpetual inventory system. 4. Credit sales for the month...
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The following transactions occurred during March 2021 for the
Wainwright Corporation. The company owns and operates a wholesale
warehouse.
Issued 50,000 shares of common stock in exchange for $500,000
in cash.
Purchased equipment at a cost of $60,000. $20,000 cash was paid
and a notes payable to the seller was signed for the balance
owed.
Purchased inventory on account at a cost of $118,000. The
company uses the perpetual inventory system.
Credit sales for the month totaled $220,000. The cost...
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The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 49,000 shares of common stock in exchange for $490,000 in cash. 2. Purchased equipment at a cost of $59,000. $19,500 cash was paid and a notes payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $116.000. The company uses the perpetual inventory system. 4. Credit sales for the month...
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Chapter 2 homework Help 3 The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 6.25 points ook 1. Issued 34,000 shares of common stock in exchange for $340,000 in cash. 2. Purchased equipment at a cost of $44,000. $12,000 cash was paid and a notes payable to the seller was signed for the balance 3. Purchased inventory on account at a cost of $86,000. The company uses the perpetual inventory...
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The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 1. Issued 41,000 shares of common stock in exchange for $410,000 in cash 2. Purchased equipment at a cost of $51,000. $15,500 cash was paid and a notes payable to the seller was signed for the balance owed. 3. Purchased Inventory on account at a cost of $100,000. The company uses the perpetual Inventory system. 4. Credit sales for the month...
The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 1. Issued 44,000 shares of common stock in exchange for $440,000 in cash 2 Purchased equipment at a cost of $54000 $17.000 cash was paid and a notes payable to the seller was signed for the balance 3. Purchased inventory on account at a cost of $106.000 The company uses the perpetual inventory system 4. Credit sales for the month totaled...
The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 1. Issued 49,000 shares of common stock exchange for $490,000 in cash. 2. Purchased equipment at a cost of $59,000 $19,500 cash was paid and a notes payable to the seller was signed for the balance owed 3. Purchased inventory on account at a cost of $116,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled...
The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale Warehouse 1. Issued 40,000 shares of common stock in exchange for $400,000 in cash 2. Purchased equipment at a cost of $50,000 $15,000 cash was paid and a notes payable to the seller was signed for the balance owed 3. Purchased inventory on account at a cost of $98,000. The company uses the perpetual inventory system 4 Credit sales for the month...
The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 50,000 shares of common stock in exchange for $500,000 in cash. 2. Purchased equipment at a cost of $60,000. $20,000 cash was paid and a notes payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $118,000. The company uses the perpetual inventory system. 4. Credit sales for the month...
The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 45,000 shares of common stock in exchange for $450,000 in cash. 2. Purchased equipment at a cost of $55,000 $17,500 cash was paid and a notes payable to the seller was signed for the balance owed 3. Purchased inventory on account at a cost of $108,000. The company uses the perpetual inventory system. 4. Credit sales for the month...
The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 1. Issued 48,000 shares of common stock in exchange for $480,000 in cash. 2. Purchased equipment at a cost of $58,000. $19,000 cash was paid and a notes payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $114,000. The company uses the perpetual inventory system. 4. Credit sales for the month...
The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 49,000 shares of common stock in exchange for $490,000 in cash. 2. Purchased equipment at a cost of $59,000. $19,500 cash was paid and a notes payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $116.000. The company uses the perpetual inventory system. 4. Credit sales for the month...
Chapter 2 homework Help 3 The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 6.25 points ook 1. Issued 34,000 shares of common stock in exchange for $340,000 in cash. 2. Purchased equipment at a cost of $44,000. $12,000 cash was paid and a notes payable to the seller was signed for the balance 3. Purchased inventory on account at a cost of $86,000. The company uses the perpetual inventory...
The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 1. Issued 41,000 shares of common stock in exchange for $410,000 in cash 2. Purchased equipment at a cost of $51,000. $15,500 cash was paid and a notes payable to the seller was signed for the balance owed. 3. Purchased Inventory on account at a cost of $100,000. The company uses the perpetual Inventory system. 4. Credit sales for the month...