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At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts Payable $ 13,000 Accounts Receivable $ 34,000 Land $

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At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts Payable $ 13,000 Accounts Receivable $ 34,000 Land $ 234,000 Cash ? Capital Stock ? Equipment $ 114,000 Building $ 174,000 Notes Payable $184,000 Retained Earnings $ 154,000 If Capital Stock is $314,000, total assets of Braun Corporation at December 31, Year 1, amounts to: 597,000 5665,000 $699,000 $899,000 Moving to another question will save this response. Question 9 The following transactions occurred during March, the first month of operations for Quality Galleries, Incorporated: Capital stock was issued in exchange for $369,000 cash. Purchased $198,000 of equipment by making a $69,000 cash down payment and signing a note payable for the balance. . Made a $39,500 cash payment on the note payable from the purchase of equipment Sold a piece of equipment for cash of $27,000. The equipment was sold at cost, so there is no gain or loss on the sale. What is the balance in the Cash account at the end of March? 5327,000 5396,000 5356,500 $287.500 Moving to another question will save this response. Question 9 The following transactions occurred during March, the first month of operations for Quality Galleries, Incorporated: Capital stock was issued in exchange for $369,000 cash. Purchased $198,000 of equipment by making a $69,000 cash down payment and signing a note payable for the balance. . Made a $39,500 cash payment on the note payable from the purchase of equipment. Sold a piece of equipment for cash of $27,000. The equipment was sold at cost, so there is no gain or loss on the sale. What is the balance in the Cash account at the end of March? 5327,000 $396,000 5356,500 5287,500

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