Compute the total net liability to be reported on the December 31 balance sheet for:The...
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Compute the total net liability to be reported on the December balance sheet for:The following are selected transactions of Oride Corperation. Sept. Aurchased imentory from Encino Compary on account for $ Oricle reconds purchases gross and uses a period inventory system. Oct lused a $month as note to fincino in payment of account. Oct Eorrowed $ Irom the Shore Bank by stzning a month zerointerestbearing $ note. a $ Your afiwer is correct. Prepare journal entries for the selected tranactions above. of no erery is requined, seliect No Entry" for the occount thies and enter for the amounts. Oredit account Blies are aubomatically indented when amount is endered. Do not indent manualk. Record entries in bhe order disploped is the groblem statemenc. List all deblet entrles before credit entries. 
Compute the total net liability to be reported on the December balance sheet for:The following are selected transactions of Oride Corperation.
Sept. Aurchased imentory from Encino Compary on account for $ Oricle reconds purchases gross and uses a period
inventory system.
Oct lused a $month as note to fincino in payment of account.
Oct Eorrowed $ Irom the Shore Bank by stzning a month zerointerestbearing $ note.
a
$
Your afiwer is correct.
Prepare journal entries for the selected tranactions above. of no erery is requined, seliect No Entry" for the occount thies and enter
for the amounts. Oredit account Blies are aubomatically indented when amount is endered. Do not indent manualk. Record entries in bhe
order disploped is the groblem statemenc. List all deblet entrles before credit entries.
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