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UOP ACC 290 Week 1 WileyPLUS NEW .pdf


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UOP ACC 290 Week 1 WileyPLUS NEW
Check this A+ tutorial guideline at
http://www.assignmentcloud.com/acc-290new/acc-290-week-1-wileyplus-new

Question 1
Marsh Corporation began operations on
January 1, 2014. The following information is
available for Marsh Corporation on December
31, 2014.
Accounts
Notes
$ 7,580
$ 12,160
payable
payable
Accounts
Rent
4,580
12,580
receivable
expense
Advertising
Retained
4,320
?
expense
earnings
Service
Cash
5,680
30,160
revenue
Common 17,580 Supplies 4,480

stock
Dividends 5,080

Supplies
1,380
expense

Equipment 29,380

Prepare an income statement for Marsh
Corporation.
Prepare a retained earnings statement for
Marsh Corporation. (List items that increase
retained earnings first.)
Prepare a balance sheet for Marsh
Corporation. (List assets in order of liquidity.)

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