Journalize the transactions related to cash payments.

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7. Financial Accounting: Assume the following is the stockholders' equity section of the 2019 Max & Co., Inc., balance sheet. Stockholders' Equity ($ millions) 2019: Common stock, one cent 5,400,000,000 shares; Issued-2,976,223,337 shares-2019 Other paid-in capital Retained earnings par value; Authorized- $29.8 6,900 37,918.9 52.3 44,901 26,984.4 $17,916.6 Accumulated other comprehensive income Less treasury stock, at cost; 794,299,347 shares-2019 Total stockholders' equity How many common shares are outstanding as of December 31, 2019?

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Chapter 11, Problem 7SEA

To determine

Journalize the transactions related to cash payments.

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7. Financial Accounting: Assume the following is the stockholders' equity section of the 2019 Max & Co., Inc., balance sheet. Stockholders' Equity ($ millions) 2019: Common stock, one cent 5,400,000,000 shares; Issued-2,976,223,337 shares-2019 Other paid-in capital Retained earnings par value; Authorized- $29.8 6,900 37,918.9 52.3 44,901 26,984.4 $17,916.6 Accumulated other comprehensive income Less treasury stock, at cost; 794,299,347 shares-2019 Total stockholders' equity How many common shares are outstanding as of December 31, 2019?

The owner's equity in a business amounted to $76,000 at the beginning of the year and $135,000 at the end of the year. The owner had made no additional investments and had withdrawn $39,000 during the year. The net income for the year amounted to: A) $98,000 B) $91,000 C) $82,000 D) $87,000expert please give me answer

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