Assets Liabilities Beginning of Year: $26,000 $19,000 End of Year: $61,000 $29,000 1. If net income is $1,300 and dividends are $7,300, how much is common stock? 2. If the company issues common stock of $16,000 and net income is $16,300, how much is dividends? 3.  If the company issues common stock of $44,300 and pay dividends of $2,000, how much is net income (loss)?

Survey of Accounting (Accounting I)
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Chapter2: Basic Accounting Systems: Cash Basis
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  Assets Liabilities
Beginning of Year: $26,000 $19,000
End of Year: $61,000 $29,000

1. If net income is $1,300 and dividends are $7,300, how much is common stock?

2. If the company issues common stock of $16,000 and net income is $16,300, how much is dividends?

3.  If the company issues common stock of $44,300 and pay dividends of $2,000, how much is net income (loss)?

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