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2. For each of the following, indicate the liability, if any, which would be shown on a balance sheet of Snead Company as of December
2. For each of the following, indicate the liability, if any, which would be shown on a balance sheet of Snead Company as of December 31, 2021. 1. Snead received an invoice for supplies it ordered at the end of December totaling $5,000, but the supplies have not been received as of December 31. 2. Snead received an invoice for advertising services received in December, in the amount of $10,000. 3. Snead will receive a $10,000 loan from its bank on January 1, 2022.
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