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At January 1 (beginning of its fiscal year). Freeman, Incorporated, a tinancial services consulting firm, reported the following account balances (in thousands, except for par

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At January 1 (beginning of its fiscal year). Freeman, Incorporated, a tinancial services consulting firm, reported the following account balances (in thousands, except for par and market value per share): a. Received $9.620 cash for consulting services rendered. b. Issued 34 additional shares of common stock at a market price of $180 per share. c. Purchased $760 of office equipment, paying 20 percent in cash and owing the rest on a short-term note. d. Received $1,010 from clients for consulting services to be performed in the next year. e. Bought $590 of supplies on account. f. Incurred and paid $1,920 in utilities for the current year. g. Consulted for clients in the current year for fees totaling $1,740, due from clients in the next year. h. Received $3,100 from clients paying on their accounts. i. Incurred $6,330 in salaries in the current year, paying $5,420 and owing the rest to be paid next year). J. Purchased $1,350 in short-term investments and paid $920 for insurance coverage beginning in the next fiscal year. k. Received $70 in interest revenue earned in the current year on short-term investments. 3. Using the data from the T-accounts, amounts for the following at the end of the current year were Note: Enter your answers in thousands, not in dollars

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