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UOP ACC 290 Week 1 WileyPLUS NEW Check this A+ tutorial guideline at wileyplus-new Question.

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Presentation on theme: "UOP ACC 290 Week 1 WileyPLUS NEW Check this A+ tutorial guideline at wileyplus-new Question."— Presentation transcript:

1 UOP ACC 290 Week 1 WileyPLUS NEW Check this A+ tutorial guideline at http://www.assignmentcloud.com/acc-290-new/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 payable For more classes visit www.assignmentcloud.com

2 $ 7,580 Notes payable $ 12,160 Accounts receivable 4,580 Rent expense 12,580 Advertising expense 4,320 Retained earnings ? Cash 5,680 Service revenue 30,160 Common stock 17,580 Supplies 4,480 Dividends 5,080 Supplies expense 1,380 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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