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Question - The following financial information is from Shovels Construction Company:
Accounts payable $14,700
Buildings 89,000
Cash 12,100
Accounts receivable 10,700
Sales tax payable 4,500
Retained earnings 46,300
Supplies 41,300
Notes payable (due in 18 months) 26,000
Interest payable 2,300
Common stock 59,300
Required - What is the amount of current assets, assuming the accounts above reflect normal activity?
Journalize the following transactions for Alden Company for 201X: Nov. 15 Francis Cleary paid Alden amount previously written off on May 9
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prepare a one to two page 700-1000 words summary to the following questionsexplain the differences between common and
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Merchandise invoiced at $9,500 is sold on terms 1/10, n/30. If the buyer pays within the discount period, what amount will be reported on the income statement as net sales?
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