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Unformatted text preview: NOTE PAYABLE + 1800000 NE NE ACCOUNTS PAY +20000 ACCOUNTS PAY -20000 NE NE NE NE NE NE STOCKHOLDER EQUI NE NE NE NE NE NE NE NE R&M EXPENSE -600 NE NE NE NE \ Sheet1 Page 3 DEBIT EQUIPMENT 200000 CREDIT CASH 20000 NOTE PAY 180000 \ DEBIT EQUIP 20000 CREDIT ACCOUNTS PAY 20000 \ DEBIT ACCOUNTS PAY 20000 CREDIT CASH 20000 \ DEBIT REPAIR MAINT EXPENSE 600 CREDIT 600 \ DEBIT LICENSING RIGHTS 2400 CREDIT CASH 2400 \ EQUIPMENT* 6666.67 (SOMETHING WRONG WITH MCGRAW FORMULA IS RIGHT) LICENSING RIGHTS 100 \ DEBIT DEPERCIATION EXPENSE 6,666* AMORTI EXPENSE 100 CREDIT ACCUMULATED DEP 66766* LICENSING RIGHTS 100...
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This note was uploaded on 03/22/2011 for the course ECON 101 taught by Professor James during the Spring '10 term at Buffalo State.
- Spring '10