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can you show how you do the calculation for. each please that way i can understand. Che On January 1, 2021, the general ledger of
can you show how you do the calculation for. each please that way i can understand.
Che On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Inventory Land Buildings Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Connon Stock Retained Earnings Totals Debit $ 11,400 34,400 152,200 69,380 122, eee $ 2, een 9,Bee 19,980 202, one 155,6ee 5389,300 $389,3ee During January 2021, the following transactions occur: January 1Borrow $102,00 from Captive Credit Corporation. The installment note bears interest at 7 annually matures in 5 years. Payments of $2,020 are required at the end of each month for 6 months January 4 Receive 531,200 from customers on accounts receivable.Step by Step Solution
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