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Business, 10.07.2019 16:00 eddsworldfrantic

Issued common stock to investors for $14,083 cash (example). b. purchased $878,418 of additional inventory on account. c. borrowed $11,000. d. sold $1,409,068 of products to customers on account; cost of the products sold was $852,316. e. paid cash dividends of $22,737. f. purchased for cash $19,397 in additional property, plant, and equipment. g. incurred $386,540 in selling expenses, paying three-fourths in cash and owing the rest on account. h. earned $370 interest on investments, receiving 90 percent in cash. i. incurred $1,395 in interest expense to be paid at the beginning of next year.

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