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Sampson Corporation issues common stock for $25 , 000 colh and uses some of the proceeds to
purchase equipment for $10 , 000 cash. Sampson also purchases $4 , 000 of supplies on account.
After recording these transoctions total assets are $29 , 000 $9 , 000 $19 , 000 $35 , 000 $14 ,
000

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  • 1. Sampson Corporation issues common stock for $25 , 000 colh and uses some of the proceeds to purchase equipment for $10 , 000 cash. Sampson also purchases $4 , 000 of supplies on account. After recording these transoctions total assets are $29 , 000 $9 , 000 $19 , 000 $35 , 000 $14 , 000