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The following transactions occurred during May, the first month of operations for XYZ Company:
1. Sold common stock to owners for $100,000 cash
2. Purchased $50,000 of equipment by making a $20,000 cash down payment and signing a note payable for the balance
3. Made a $13,000 cash payment on the note payable from the purchase of equipment
4. Sold a piece of equipment for cash of $15,000. The equipment was sold at cost, so there is no gain or loss on the sale
Calculate the balance in the cash account at the end of May. Do not use decimals in your answer.
If Indri is the only secured creditor, will he get back his $90 000? - Can Indri claim workers' compensation, assuming that he is otherwise entitled to it?
consider the questions below and how your understanding of these will benefit your analysis application and
On the first day of the fiscal year, a new walk-in cooler with a list price of $52,000 was acquired in exchange for an old cooler and $42,000 cash.
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What is the current yield on the bonds?
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