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Essay

Music Mart Case 2-2

Essay specific features

 

Issue:

Business

 

Written by:

Estelle B

 

Date added:

October 12, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 485

 

Was viewed:

3166 times

 

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Essay content:

Increase Inventory 5,000; increase Accounts Payable 5,000 2. Decrease Inventory 1,500; increase Cash 2,300; increase Retained Earnings 800 3. Decrease Inventory 1,700; increase Accounts Receivable 2,620; increase Retained Earnings 920 (Note that Retained Earnings increases whether or not the proceeds of the sale are received in cash...
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Decrease Inventory 1,500; increase Cash 2,300; increase Retained Earnings 800 3. Decrease Inventory 1,700; increase Accounts Receivable 2,620; increase Retained Earnings 920 (Note that Retained Earnings increases whether or not the proceeds of the sale are received in cash.) 4. Increase Prepaid Insurance 1,224; decrease Cash 1,224 (Note that current practice is to treat this as a current asset even though the policy is in effect three years; the basis is materiality...
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