1. Business
  2. Accounting
  3. exercise 33 during 2017 its first year of operations as...

Question: exercise 33 during 2017 its first year of operations as...

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Exercise 3-3 During 2017, its first year of operations as a delivery service, Flint Corporation entered into the following transactions 1. Issued shares of common stock to investors in exchange for $107,000 in cash. 2. Borrowed $52,000 by issuing bonds. 3. Purchased delivery trucks for $67,000 cash. 4. Received $14,000 from customers for services performed. ร, purchased supplies for $5,700 on account. 6. Paid rent of $4,400. 7. Performed services on account for $10.500. 8. Paid salaries of $28,800. 9. Paid a dividend of $10,400 to shareholders.
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