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Question 1: Prepare the Balance Sheet based on the information supplied. Question 2: Compute the...

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Accounting

Question 1: Prepare the Balance Sheet based on the information supplied. Question 2: Compute the Accounting Ratios.

The following information relates to the Companys month-end adjustments:

1. Office supplies consumed during the month amounted to $2,900. 2. On that month, the company paid $12,000 to renew their insurance policy. 3. Fees recorded as Unearned Client Fees in the amount of $8,000 were earned during the current month.

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All Online is an Internet services agency. All members pay in advance to be listed in the database. The entries for month M1 are: ALL ONLINE, INC. All Online is an Internet services agency. All members pay in advance to be listed in the database. The entries for month M1 are: ALL ONLINE, INC

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