The following selected financial statement information is for Palmer and Associates.
The following activities occurred during 2013:
Issued bonds for $100,000 cash.
Issued common stock for $110,000 cash.
Earned net income totaling $88,000.
Paid cash dividends totaling $8,000.
(1)Prepare the financing activities
Definitions:
Higher Power
A spiritual presence or entity believed to have greater power and influence over human affairs.
Religious Services
Formalized periods of communal worship and practices observed within various faith traditions.
Life Goals
Objectives or aims that a person seeks to achieve over the course of their life, covering personal, professional, and health ambitions.
Near-Death Experience
A profound psychological event that may occur to a person close to death or who is not expected to survive a moment of severe physical distress.
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