Business, 23.10.2019 01:00, romanbattistelli23

Wolverine world wide, inc., manufactures military, work, sport, and casual footwear and leather accessories under a variety of brand names, such as hush puppies, wolverine, merrell, stride rite, and bates, to a global market. the following transactions occurred during a recent year. dollars are in thousands.

a. issued common stock to investors for $14,084 cash (example).

b. purchased $872,418 of additional inventory on account.

c. borrowed $11,700.

d. sold $1,346,068 of products to customers on account; cost of the products sold was $750,547.

e. paid cash dividends of $21,258.

f. purchased for cash $25,726 in additional property, plant, and equipment.

g. incurred $345,584 in selling expenses, paying three-fourths in cash and owing the rest on account.

h. earned $1,772 interest on investments, receiving 90 percent in cash.

i. incurred $2,990 in interest expense to be paid at the beginning of next year.

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Wolverine world wide, inc., manufactures military, work, sport, and casual footwear and leather acce...