Issuance of Common Stock with Trainer Assignment | Top Universities

1. Compute the amount of Trainer Br e's acquisition of plant assets Trainer Exercise disposed of planta The acquisitions of plant assets amounts to $ Requirement 2. Compute new borrowing or payment of long term pays with Trainer Exercise having only one long termes payvansaction during the year of long term les payables Tore action during the year Requirement 3.

Compute the issuance of common stock with Trainer Exercise having only one common Issuance of common stock is SL Requirement 4. Compute the payment of cash dividends Payment of cash dividends to ted Jyed $ 710,000 340,000 Trainer Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018, Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Depreciation Expense 48,000 Other Operating Expenses 180,000 Total Operating Expenses 370.000 228,000 142,000 Net Income Trainer Emerica Equipment, Ine. Comparative Balance Sheet December 31, 2018, and 2017 pon disposal. 2018 2017 Accounts 19,000 $ 51,000 87,000 17,000 48,000 89,000 Current Assets: Cash Accounts Receivable Merchandise Inventory Long-term Assets: Plant Assets Accumulated Depreciation–Plant Assets Investments 267,100 (44,100) 99,000 478,000 S 219,500 (36,600) 76,000 Total Assets 413,000 Liabilities Current Liabilities: Accounts Payable Salaries Payable 70,000 74.000 5 6.000 7.500 Long-term Liabilities Notes Payable 66,000 67.000 137,000 Total Liabilities 142,500 Btookholder' Equity Common Stock no par Rotanod Earnings 47.000 205.000 35.000 235.500 Total Stockholders' Equity 270.500 Total La os and stockholders' Equity 478,000 413.000 Freit. Get Accounting Homework Help Today.