ACC 290 Week 1 Individual Assignment - Marsh Corporation...

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Marsh Corporation began operations on January 1, 2014. The following information is available for Marsh CoAccounts payable6,4009,800Accounts receivable3,40011,400Advertising expense4,360?Cash4,50027,800Common stock16,400Supplies3,300Dividends3,9001,340Equipment28,200MARSH CORPORATIONIncome StatementFor the Year Ended December 31, 2014RevenuesService revenue27,800ExpensesRent Expense11,400Advertising Expense4,360Supplies Expense1,340Total Expenses17,100Net Income$10,700.00MARSH CORPORATIONRetained Earnings StatementFor the Year Ended December 31, 2014Retained earnings, Jan 10Add: Net Income10,70010,700Less: Dividends3,900Retained earnings, Dec 316,800MARSH CORPORATIONBalance Sheet31-Dec-14AssetsCash4,500Accounts receivable3,400Supplies3,300Equipment28,200Total assets$39,400.00Liabilities and Stockholders' EquityLiabilitiesNotespayableRentexpenseRetainedearningsServicerevenueSuppliesexpense
Notes payable9800Account payable6400Total liabilities16200Stockholder's equityCommon stock16,400Retained earnings6,800Total stockholders' equity23,200Total liabilities and equity39,400
orporation on December 31, 2014.

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Term
Spring
Professor
MR
Tags
Balance Sheet, Dividends, Expense, Generally Accepted Accounting Principles

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