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Kyler Media Corporation had the following income statement and balance sheet for 2015: KYLER MEDIA CORPORATION Income Statement Year Ended December 31 2015 Sales Revenue

Kyler Media Corporation had the following income statement and balance sheet for 2015: KYLER MEDIA CORPORATION Income Statement Year Ended December 31, 2015 Sales Revenue ..................... $ 80,000 Depreciation Expense––Plant Assets ............ 5,600 Other Expenses ..................... 49,000 Net Income ............... $ 25,400  Requirements 1. Compute the acquisition of plant assets for Kyler Media Corporation during 2015. The business sold no plant assets during the year. 2. Compute the payment of a long-term note payable. During the year, the business issued a $ 5,300 notepayable.

May 14 2020 View more View Less

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