The following selected financial statement information is for Palmer and Associates.

The following activities occurred during 2013:
$\bullet$ Issued bonds for $100,000 cash.
$\bullet$ Issued common stock for $110,000 cash.
$\bullet$ Earned net income totaling $88,000.
$\bullet$ Paid cash dividends totaling $8,000.
(1)Prepare the financing activities

Question

The following selected financial statement information is for Palmer and Associates.
  
The following activities occurred during 2013:
$\bullet$ Issued bonds for $100,000 cash.
$\bullet$ Issued common stock for $110,000 cash.
$\bullet$ Earned net income totaling $88,000.
$\bullet$ Paid cash dividends totaling $8,000.
(1)Prepare the financing activities

Quizplus · Accepted Answer

The Answer of The following selected financial statement information is for Palmer and Associates.
  
The following activities occurred during 2013:
$\bullet$ Issued bonds for $100,000 cash.
$\bullet$ Issued common stock for $110,000 cash.
$\bullet$ Earned net income totaling $88,000.
$\bullet$ Paid cash dividends totaling $8,000.
(1)Prepare the financing activities

The Following Selected Financial Statement Information Is for Palmer and Associates