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httpsX3A%2F%2fconnect.nheduston.com%2Fpaemwebgi signment Help Save & E Chec Required information The following information applies to the questions displayed below. The following post closing trial balance was

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httpsX3A%2F%2fconnect.nheduston.com%2Fpaemwebgi signment Help Save & E Chec Required information The following information applies to the questions displayed below. The following post closing trial balance was drawn from the accounts of Lttle Grocery Supplier (LGS) as of December 31, 2 017 Cash Accounts receivable 9,000 41, 000 2,500 78,000 21,000 50,000 54,500 Allowance for doubtful accounts Inventory Accounts payable Common stock Retained earnings Transactions for 2018 . Acquired an additional $20,000 cash from the issue of common stock 2. Purchased $85,000 of inventory on account 3. Sold inventory that cost $91,000 for $160,000]Sales were made on account 4. The company wrote off $900 of uncollectible accounts. 5. On September 1, LGS loaned $18,000 to Eden Co. The note had an 8 percent in 6. Paid $19,000 cash for operating expenses 7. The company collected $161,000 cash from accounts receivable 8. A cash payment of $92,000 was paid on accounts payable 9. The company paid a $5,000 cash dividend to the stockholders 10. Uncollectible accounts are estimated to be 1 percent of sales on account terest rate and a one-year term 11. Recorded the accrued interest at December 31, 2018 (see item 5) equired Prev 2 3 of3m Next > SAMSUNG

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