Business, 25.03.2020 02:13 xrivas

May 31, 2018 June 30, 2018
Total Assets $122,000 $287,000
Total Liabilities 66,000 144,000

For each of the following situations that occurred in June, 2018 with regard to common stock and dividends of a corporation, compute the amount of net income or net loss during June 2018.

a. The company issued $10,000 of common stock and paid no dividends.
b. The company issued no common stock. It paid cash dividends of $3,000.
c. The company issued $12,500 of common stock and paid cash dividends of $30,000.

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May 31, 2018 June 30, 2018
Total Assets $122,000 $287,000
Total Liabilities 66,000 144,0...

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