1. Revenues $27,000; Expenses-$18,000; Dividends- $,2000; Accrued Revenues - $4,000; Net income = 2, Increase in stockholders' equity-$20,000; Issuance of common stock - $12,000; Dividends - $5,000; Net income = 3. Assets - $25,000; Liabilities - $13,000; Common Stock - 2,000; Additional Paid-in Capital - 4,000: Stockholders' equity =

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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(For your answers, include commas (".") but do not include dollar signs ("$). For example, it your answer is
$1,000, then type "1,000".)
1. Revenues - $27,000; Expenses - $18,000; Dividends - S,2000; Accrued Revenues = $4,000; Net
income =
2. Increase in stockholders' equity $20,000; Issuance of common stock = $12,000; Dividends = $5,000;
Net income =
3. Assets - $25,000; Liabilities - $13,000; Common Stock - 2,000; Additional Paid-in Capital - 4,000:
Stockholders' equity =
Transcribed Image Text:(For your answers, include commas (".") but do not include dollar signs ("$). For example, it your answer is $1,000, then type "1,000".) 1. Revenues - $27,000; Expenses - $18,000; Dividends - S,2000; Accrued Revenues = $4,000; Net income = 2. Increase in stockholders' equity $20,000; Issuance of common stock = $12,000; Dividends = $5,000; Net income = 3. Assets - $25,000; Liabilities - $13,000; Common Stock - 2,000; Additional Paid-in Capital - 4,000: Stockholders' equity =
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