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View Policies Current Attempt in Progress During 2017, its first year of operations as a...

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Accounting

View Policies Current Attempt in Progress During 2017, its first year of operations as a delivery service, Flounder Corp, entered into the following transactions 1. Issued shares of common stock to investors in exchange for $137,000 in cash. 2. Borrowed $55,000 by issuing bonds. 3. Purchased delivery trucks for $63,000 cash. 4. Received $18,000 from customers for services performed. 5. Purchased supplies for $6.600 on account. 6. Paid rent of $5,900. 7. Performed services on account for $10,700. 8. Paid salaries of $26,700. 9. Paid a dividend of $11.500 to shareholders. Heine the following danshire hothe effect of achterestine on the tinanustine Butanatione fece to Type here to search #e E DELL NG 856PM 2/1022 Type here to search (2) 288 (30 (4) (5) (6) 127) $ -125 E Assets Cash Accounts Receivable Supplies Equipment C DELL 637PM ets $ earch Liabilities Supplies Equipment Accounts Payable i -/25E Bonds Payable 899- 00 ENG 657PM 27/0022 Question 2 of 2 < Bonds Payable Common Stock be here to search -/25 E Stockholders' Equity Retained Revenues Expenses $ e B 0 D C DELL 00 ENG 657 PM 2/2002 Chapter 3 Part Question 2 of 2 > -/25 Stockholders' Equity Expenses Retained Earnings Type here to search Dividends C e Hi DELL E 657PM 40 ING 2/1/222

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