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UOP ACC 290 Week 1 WileyPLUS NEW


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Question 1
Marsh Corporation began operations on January 1, 2014. The following information is available for Marsh Corporation on December 31, 2014.
Accounts payable $ 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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