homework help 140

1.The company paid $1,000,000 for cash dividends that were declared one month earlier.2.Assume that during 2009 the company issued $100,000,000 of new common stock.3.Collected $800,000 from a customer relating to a sale made last month.4.Merchandise costing $225,000 was purchased on account by a customer, sales price was $400,000.5.Purchased some new equipment for $500,000 by paying $100,000 in cash and issuing a 4 year, 9%, note payable for the balance.6.During the closing of the books at year-end, assume that an adjusting entry was made to accrue interest for one month of $3,000 related to the above note payable.