Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 3-3 during 2017, its first year of operat

Exercise 3-3 During 2017, its first year of operations as a delivery service,...

60.1K

Verified Solution

Question

Accounting

imageimage

Exercise 3-3 During 2017, its first year of operations as a delivery service, Persimmon Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $100,000 in cash. 2. Borrowed $45,000 by issuing bonds. 3. Purchased delivery trucks for $60,000 cash. 4. Received $16,000 from customers for services performed 5. Purchased supplies for $4,700 on account. 6. Paid rent of $5,200 7. Performed services on account for $10,000. 8. Paid salaries of $28,000. 9. Paid a dividend of $11,000 to shareholders

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Question 17 of 31 graph to the right shows the annual number of fatalities in...

Biology
1.2K views

Based on what we learned in the lecture on spatial structure and on competition, how important...

Chemistry
1.2K views

nstant cold packs sometimes used to treat athletic injuries contain solid ammonium nitrate and liquid water...

Physics
1.2K views

One of the wavelengths of light emitted by hydrogen atoms under normal laboratory conditions is...

Physics
1.2K views

A major artery with a cross-sectional area of 1.02 cm2 branches into 18 smaller arteries,...

Basic Math
1.2K views

Costs that will differ between alternatives and influence the outcome of a decision are O...

Calculus
1.2K views

Given the points 8 8 and 6 1 find the rate of change between the...

Accounting
1.2K views

prepare an income statement for chula vista co. for year 2022 owners capital january 1st...

Accounting
1.2K views

Jerry orders some new gourmet food from FreshHipFood Inc. online. The food is delivered to...

Accounting
1.2K views

Jamie is an unmarried individual. She has $180,000 of taxable income in 2021. Compute Jamies...

Accounting
1.2K views

Superior Hardwood Company distributes hardwood products to small furniture manufacturers. The adjusted trial balance data...

Finance
1.2K views

What are the four major categories of assets on a commercial banks balance sheet and...