What are the expense
On Dec 31st Company ABS has contributed capital $20,000; sales revenue $95,000; total assets $85,000, no dividends, and total liabilities $35,000. The Stockholder's equity is $50,000. What are the expenses?
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Sanford Co. sells $500,000 of 10% bonds on March 1, 2010. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2013. The bonds yield 12%. Give entries through December 31, 2011.
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