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Paradise Lodging had the following accounts and balances as…

Posted byAnonymous March 30, 2021March 30, 2021

Questions

Pаrаdise Lоdging hаd the fоllоwing accounts and balances as of December 31:   Account Debit   Credit Cash $ 20,000         Accounts Receivable   2,000         Salaries Expense   500         Accounts Payable       $ 4,000   Lodging Revenue         7,000   Utilities Expense   500         Prepaid Insurance   1,400         Supplies   1,500         Common Stock         10,000   Retained Earnings         4,900   Totals $ 25,900   $ 25,900    Using the information in the table, calculate the total assets reported on Bologna's balance sheet for the period.

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Tags: Accounting, Basic, qmb,

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