Reference no: EM132472726
maben company was started on january 1, 2018 and experienced the following events during its first year of operation: 1. Acquired $30,000 cash from the issue of common stock. 2. borrowed $42,000 cash from national bank 3. earned cash revenues of$58,000 for performing services 4. paid a $2,000 cash ividend to the stakeholders. 5. paid a $2,000 cash dividend to the stakeholders. 6. Acquired an additional $30,000 cash from the issue of common stock. 7. paid $11,000 cash to reduce the principal balance of the ank note. 8. paid $51,000 cash to purchase land.
Question 1: Determined that the market value of the land is $71,000.
Question 2: Record the preceding transactions in the horizontal statements model. also, in the cash flows column, classify the cash flows as operating activities (OA), investing activities (IA), financing activities(FA), or net change in cash (NC). if the element is not affected by the event, leave the cell blank.
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