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B21 JX A B C D E F G H J K 1 2 3 REVIEW THE LIST OF TRANSACTIONS 4 5 REQUIRED ANSWERS ARE IN YELLOW AND INCLUDE 6 7 JOURNAL ENTRIES FOR THE LIST OF TRANSACTIONS 8 9 ANSWER THE VARIOUS EQUITY RELATED QUESTIONS 10 11 SHOW THE BAL SHEET PRESENTATION (JUST COMPLET THE BLUE CELLS, THE REST OF THE BALANCE SHEET IS COMPLETED 12 13 TACCOUNTS AND THE "SCHEDULE" NOT REQUIRED, BUT CAN BE HELFPFUL 14 15 I MADE ALL JOURNAL TEMPLATES FOR 4 ACCOUNTS (2 DEBITS AND 2 CREDITS). YOU WON'T NEED ALL 4, BUT OFTEN 2 OF EITHER THE DEBIT OR CREDIT. I DIDN'T WANT TO GIVE YOU ANY "CLUES" 16 17 19 WC YA there 2000 meter Mythe 0.000 -FEE ABC Co. Inc MMIT A B 1.188 In Car re LE LUL wer . V # F. Dividends of $29.000 were declared on December 31, 2020 and payable in the next accounting period 25 22 ** REQUIRED DETERMINE THE FOLLOWING ON DECEMBER 31, 2020 OF SHARES AUTHORIZED OF SHARES ISSUED OF SHARES OUTSTANDING PAR VALUE PER SHARE RETAINED EARNINGS EF G XYZ Co. Inc BALANCE SHEET As of December 31, 2020 Assets Current Assets Cash 153,200 84,100 73,500 310,800 Accounts Receivable, net of allowance Inventory Total Current Assets 10 11 12 13 14 Property, Plant & Equipment Accumulated Depreciation Net Property. Plant & Equipment 425,000 (20,000 405,000 15 16 17 Total Assets $ 715,800 1B 19 20 21 22 Liabilities Current Liabilities Interest Payable Rent Payable Wages Payable Dividends payable Total Current Liabilities 23 900 3,500 8,800 29,000 42,200 24 25 26 Loan Payable 32,600 27 28 29 30 Total Liabilities 74,800 31 Equity 32 33 34 35 36 37 Total Equity Total Liabilities and Equity 74,800 SESSORAS 39 40 41 42 43 44 45 46 48 49 51 52 B21 JX A B C D E F G H J K 1 2 3 REVIEW THE LIST OF TRANSACTIONS 4 5 REQUIRED ANSWERS ARE IN YELLOW AND INCLUDE 6 7 JOURNAL ENTRIES FOR THE LIST OF TRANSACTIONS 8 9 ANSWER THE VARIOUS EQUITY RELATED QUESTIONS 10 11 SHOW THE BAL SHEET PRESENTATION (JUST COMPLET THE BLUE CELLS, THE REST OF THE BALANCE SHEET IS COMPLETED 12 13 TACCOUNTS AND THE "SCHEDULE" NOT REQUIRED, BUT CAN BE HELFPFUL 14 15 I MADE ALL JOURNAL TEMPLATES FOR 4 ACCOUNTS (2 DEBITS AND 2 CREDITS). YOU WON'T NEED ALL 4, BUT OFTEN 2 OF EITHER THE DEBIT OR CREDIT. I DIDN'T WANT TO GIVE YOU ANY "CLUES" 16 17 19 WC YA there 2000 meter Mythe 0.000 -FEE ABC Co. Inc MMIT A B 1.188 In Car re LE LUL wer . V # F. Dividends of $29.000 were declared on December 31, 2020 and payable in the next accounting period 25 22 ** REQUIRED DETERMINE THE FOLLOWING ON DECEMBER 31, 2020 OF SHARES AUTHORIZED OF SHARES ISSUED OF SHARES OUTSTANDING PAR VALUE PER SHARE RETAINED EARNINGS EF G XYZ Co. Inc BALANCE SHEET As of December 31, 2020 Assets Current Assets Cash 153,200 84,100 73,500 310,800 Accounts Receivable, net of allowance Inventory Total Current Assets 10 11 12 13 14 Property, Plant & Equipment Accumulated Depreciation Net Property. Plant & Equipment 425,000 (20,000 405,000 15 16 17 Total Assets $ 715,800 1B 19 20 21 22 Liabilities Current Liabilities Interest Payable Rent Payable Wages Payable Dividends payable Total Current Liabilities 23 900 3,500 8,800 29,000 42,200 24 25 26 Loan Payable 32,600 27 28 29 30 Total Liabilities 74,800 31 Equity 32 33 34 35 36 37 Total Equity Total Liabilities and Equity 74,800 SESSORAS 39 40 41 42 43 44 45 46 48 49 51 52

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