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3. Presented below are several accounts from the financial statements of Eagle, Inc. for the year ended December 31, 2016: 1 2. 3 4 Cash
3. Presented below are several accounts from the financial statements of Eagle, Inc. for the year ended December 31, 2016: 1 2. 3 4 Cash Accounts Receivable Prepaid Expenses Accounts Payable Common Stock Sales Selling Expenses Administrative Expenses Interest Expense Income Taxes Expense 6. 7 8. 9 10 Each of these accounts has been assigned an identification number which you will use as answers for the transactions described below. Enter the account number(s) in the blank spaces under the headings DEBIT and CREDIT to indicate the accounts debited and credited when each transaction is recorded in a general journal. DEBIT The company issues common stock at par value. CREDIT B) A bill is received for advertising placed by the company's ad agency payment is due in 30 days. Interest due on long-term debt is paid Received an invoice from their insurance company for next year's coverage and payment was made 1
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