Week 1 290 wileyplus - ACC 290 DQ week 1 Do It Review 1-3...

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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$ 8,520Notes payable$ 14,040Accounts receivable5,520Rent expense13,520Advertising expense4,300Retained earnings?Cash6,620Service revenue32,040Common stock18,520Supplies5,420Dividends6,020Supplies expense1,400Equipment30,320Your 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.)
Prepare a balance sheet for Marsh Corporation. List assets in order of liquidity.)
MARSH CORPORATIONIncome StatementFor the Year Ended December 31, 2014$$

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