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    Financial and Managerial Accounting Study Set 1
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    Exam 11: Corporate Reporting and Analysis
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    The Following Selected Transactions Took Place During the Current Year
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The Following Selected Transactions Took Place During the Current Year

Question 2

Question 2

Essay

The following selected transactions took place during the current year for a company:
The following selected transactions took place during the current year for a company:    (a)Prepare the journal entries for these transactions. (b)If Retained Earnings had a $155,000 credit balance on January 1,calculate its year-end balance as of December 31. (a)Prepare the journal entries for these transactions.
(b)If Retained Earnings had a $155,000 credit balance on January 1,calculate its year-end balance as of December 31.

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