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1. What balance should the following account have. cash accounts receivable tuition income building office supplies stamps and mail accounts payable photocopy income insurance paid

1. What balance should the following account have.
cash
accounts receivable
tuition income
building
office supplies
stamps and mail
accounts payable
photocopy income
insurance paid in advance
assets
2. What entry must be made for the following transaction? Purchase of
corporate insurance of $70,000 with annual amortization.
3. The purchase date of the computer is May 1, 2002 and it has a useful life of 3 years. What entry is to be made on June 30, 2002?
image text in transcribed
1. Qu balance debe tener la siguiente cuenta. PARTIDA DEBITO CREDITO efectivo cuentas por cobrar ingreso de matrcula edificio material de oficina sellos y correo cuantas a pagar ingresos de fotocopia seguros pagados por adelantado activos 2. Qu entrada se debe realizar para la siguiente transaccin? Compra de seguros corporativos de $70,000 con amortizacin anual. 3. La fecha de compra de la computadora es mayo 1ro, 2002 y tiene una vida til de 3 aos. Qu entrada corresponde realizar en junio 30, 2002

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