Presented below are data for Antwerp Corp. 2020 2021…
Presented below are data for Antwerp Corp. 2020 2021 Assets, January 1 $4,200 $5,040 Liabilities, January 1 2,520 ? Stockholders’ Equity, Jan. 1 ? ? Dividends 840 630 Common Stock 756 672 Stockholders’ Equity, Dec. 31 ? ? Net Income 840 672 Stockholders’ Equity at January 1, 2020 is:
Read DetailsThe income statement of Dolan Corporation for 2020 included…
The income statement of Dolan Corporation for 2020 included the following items: Interest revenue $141,000 Salaries and wages expense 210,000 Insurance expense 21,200 The following balances have been excerpted from Dolan Corporation’s balance sheets: December 31, 2020 December 31, 2019 Interest receivable $18,200 $15,000 Salaries and wages payable 17,800 8,400 Prepaid insurance 2,200 3,000 The cash paid for salaries and wages during 2020 was:
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