ACC 290 Week 1 Assignment - Do It Review 1-3 Marsh...

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Do It! Review 1-3Marsh Corporation began operations on January 1, 2014. The following information is available for Marsh Corporation on December 31, 2014.Accounts payable$ 6,020Notes payable$ 9,040Accounts receivable3,020Rent expense11,020Advertising expense4,160Retained earnings?Cash4,120Service revenue27,040Common stock16,020Supplies2,920Dividends3,520Supplies expense1,540Equipment27,820Your answer is correct.Prepare an income statement for Marsh Corporation.Your answer is correct.Prepare a retained earnings statement for Marsh Corporation. (List items that increase retained earnings first.)
Your answer is correct.Prepare a balance sheet for Marsh Corporation. (List assets in order of liquidity.)

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