(Solution) - Use the McKnight Exercise Equipment data in Exercise 14 19 Requ -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Use the McKnight Exercise Equipment data in Exercise 14-19.
Requirement
1. Compute the following:
(a) New borrowing or payment of long-term notes payable, with McKnight Exercise having only one long-term note payable transaction during the year.
(b) Issuance of common stock, with McKnight Exercise having only one common stock transaction during the year.
(c) Payment of cash dividends.