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S11-12 (similar to) Question Help McKnight Medical Supply, Inc., reported the following financial statements for...

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S11-12 (similar to) Question Help McKnight Medical Supply, Inc., reported the following financial statements for 2018 (Click the icon to view the income statement.)(Click the icon to view th balance sheet.) Read the requirements. 1. Compute the borrowing or payment of long-term notes payable, assuming McKnight had only one long-term note payable transaction during the year Select the formula needed to determine this amount and then enter the amounts to compute the borrowing or payments. (Use parentheses or a minus sign to indicate a payment. Abbreviation used: LT Long-term.) Beg. bal. LT notes payable End. bal. LT notes payable Borrowing (payment) 481000 437000 i Requirements Use the information in McKnight Medical Company, Inc.'s financial statements to compute the following amounts for 2018 1. 2. 3. Borrowing or payment of long-term notes payable, assuming McKnight had only one long-term note payable transaction during the year Issuance of common stock, assuming Mcknight had only one common stock transaction during the year Payment of cash dividends Print Done

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