File is attached, Financial Accounting

File is attached, Financial Accounting

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MBA503
Final Exam
The following trial balance is for Jackson Sales Company, a home improvement retailer, at January 1, 2012
:
Debit
Credit
Cash
$49,950
Accounts Receivable
14,000
Allowance for Doubtful Accounts
$2,600
Merchandise Inventory
20,200

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Land
50,000
Buildings
81,000
Accumulated Depreciation – Buildings
37,500
Equipment
45,000
Accumulated Depreciation – Equipment
18,000
Accounts Payable
3,750
Notes Payable
38,500
Common Stock, $10 par
40,000
Retained Earnings
119,800
$260,150
$260,150
PART 1—TRANSACTIONS – 150 points

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