The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC): Cash received from: $660,000 12,000 Customers Interest on note receivable Collection of note receivable 100,000 40,000 200,000 Sale of land Issuance of common stock Cash paid for: Interest on note payable Purchase of equipment Operating expenses 18,000 120,000 440,000 30,000 Dividends to shareholders

The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC): Cash received from: $660,000 12,000 Customers Interest on note receivable Collection of note receivable 100,000 40,000 200,000 Sale of land Issuance of common stock Cash paid for: Interest on note payable Purchase of equipment Operating expenses 18,000 120,000 440,000 30,000 Dividends to shareholders

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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