The following information relates to Bob's Bat Store for the year ended December 31, 2023.a....
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Accounting
The following information relates to Bob's Bat Store for the year ended December 31, 2023.a. The company purchased a building and fixtures with cash during the year, but none were sold during 2023.a. The company purchased a building and fixtures with cash during the year, but none were sold during 2023.
b. Cash dividends were declared and paid during the year, but no stock dividends were declared or paid during 2023.
.c The company sold some common stock for cash during 2023, but did not purchase any treasury stock during the year.d. Land was purchased for cash during 2023.
d. Land was purchased for cash during 2023.
2023
2022
cash
200,000
170,000
accounts receivable
335,000
300,000
inventory
200,000
100,000
total current assets
735,000
570,000
land
100,000
-
bulding and fixtures
300,000
200,000
less accumulated depreciation
(47,000)
(24,000)
total assets
1,088,000
746,000
accounts payable
200,000
160,000
taxes payable
92,000
60,000
total current liabilities
292,000
220,000
common stock
100,000
70,000
capital in excess of par
500,000
316,000
retained earnings
196,000
140,000
total stockholders equity
796,000
526,000
total liabilities and stockholders equity
1,088,000
746,000
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