Requirements 1. Compute the acquisition of plant assets for Stenback Media Corporation during 2024. The...
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Requirements 1. Compute the acquisition of plant assets for Stenback Media Corporation during 2024. The business sold no plant assets during the year. Assume the company paid cash for the acquisition of plant assets. 2. Compute the payment of a long-term note payable. During the year, the business issued a $4,900 note payable. Data table Stenback Media Corporation Comparative Balance Sheet December 31, 2024 and 2023 Assets 20242023 Current Assets: Cash Accounts Receivable $9,1005,100$6,1004,000 Long-term Assets: Plants Assets 108,25089,250 Accumulated Depreciation-Plant Assets (38,250)(24,250) Total Assets $84,200$75,100 Liabilities Data table
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