Lilly Inc. is a new company that started operations in 2024….
Lilly Inc. is a new company that started operations in 2024. The 2024 transactions were as follows: – Issued common stock for $8,000.- Paid $4,000 for 2024 wages.- Customers paid $9,500 for services provided by the company during 2024.- Purchased equipment costing $3,000, financed with a note payable. – Declared and paid dividends, $700. What was total assets 12/31/2024?