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Create a horizontal finanical analysis!!!! Azul Company had the following balances in its accounting records as of January 1 , Year 2 : Assets Liabilities
Create a horizontal finanical analysis!!!! Azul Company had the following balances in its accounting records as of January Year :
Assets Liabilities & Stockholders' Equity
Cash $ Common Stock $
Inventory Retained Earnings
Account Receivable
Allow. For Doubtful Acct.
Vehicle
Accum. Depr. Vehicle
Total $ Total $The following accounting events occurred during Year
The vehicle was sold on the first day of the year for $ cash.
Received $ cash from issuance of stock.
Purchased $ of supplies on account.
Paid cash for $ of inventory.
Paid $ for month's of rent on new office building.
Took out a $month loan from Citywide Bank.
Paid $ to purchase equipment.
Paid $ in shipping and installation costs for new equipment.
Sold of the inventory purchased in Event for $ on account.
Collected of the sales on account in previous event.
Wroteoff receivable in the amount of $
Incurred $ of operating expenses on account.
YearEnd Adjustments
A Recorded depreciation on the equipment. A full year of depreciation should be taken on the Equipment. The equipment has a salvage of $ and a year life. Use SLN formula to calculate.
B Have $ of office supplies on hand at the end of the period.
C Recognize four months of prepaid rent has expired.
D Physical count of inventory revealed inventory on hand of $
E Accrue four months of interest on the loan.
F Uncollectible Expense is estimated at of sales on account.
G Income Tax Rate is
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