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Based on the wiley plus assignments like Young Corp.s balance sheet at December 31, 2016, I am still at a loss when it comes to

Based on the wiley plus assignments like Young Corp.s balance sheet at December 31, 2016, I am still at a loss when it comes to how the calculations for the entries are gotten any way I could get a step-by-step break-down so I can better understand? The problem needing assistance with comes from Intermediate Accounting I the exercise problem comes from the Wiley Plus work book and is labeled Exercise 7-1

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