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Accounting homework help?
Bozeman Corporation was started with the issue of 5,900 shares of $9 par common stock for cash on January 1, 2014. The stock was issued at a market price of $15 per share. During 2014, the company earned $72,800 in cash revenues and paid $48,776 for cash expenses. Also a $3,900 cash dividend was paid to the stockholders.
With this info I need to find a incomse statement, changes of stockholders equity statement, balance sheet, and statement of cash flows. Please help
1 Answer
- ProfLv 75 years ago
Are you asking for help or are you asking for a solution to your homework? If you want help, you should show your work and you can get help. If you just want someone to do your work, that is not help, you would learn nothing and it would be a disservice to you. Using another person's solution is plagiarism and is unethical.
If you need help with the problem you should indicate what you need. For example, you might need help in getting started, or you do not understand the format of a calculation, or you get so far in a problem and do not know where to go from there. You should show your work so someone can help you by pointing out where you are wrong and by explaining areas where you show weaknesses. Presumably you studied this material and have some idea what to do. This is not a free homework solving service. You learn this by doing it. No one will help you when you get a similar problem in a test.
Start by preparing journal entries and posting them to T-accounts. For example, issuance of stock is
dr. Cash
cr. . . .Common stock
cr. . . .Additional paid-in capital
Why do you need help with this? If you don't know how to to do this after a reasonable amount of study, you may have serious trouble with the course at this stage. How do you record cash revenue? How do you record cash expenses? If you don't know, drop the course now and apply to barber school. All of this is very simple. Your income statement contains two items. Your balance sheet consists of cash and stockholders' equity.
At least stat your work and show it here to get help. Assigning your work to others to solve for you is not appropriate. Students who do that do not belong in business school.