Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 4 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 Aug 2017 My Price 4.00

Ken Young and Kim Sherwood

Ken Young and Kim Sherwood organized Reader Direct as a corporation; each contributed $40,000 cash to start the business and received 4,000 shares of stock. The store completed its first year of operations on December 31, 2014. On that date, the following financial items for the year were determined: cash on hand and in the bank, $35,500; amounts due from customers from sales of books, $27,000; equipment, $39,000; amounts owed to publishers for books purchased, $7,500; one-year note payable to a local bank for $3,000. No dividends were declared or paid to the stockholders during the year.

 

 

Answers

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Status NEW Posted 06 Aug 2017 11:08 AM My Price 4.00

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