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ned ans urgent Current Attempt in rrogress Martinez Wolf Company has the following balances in selected accounts on December 31, 2024. Martinez has a calenda
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Current Attempt in rrogress Martinez Wolf Company has the following balances in selected accounts on December 31, 2024. Martinez has a calenda All the accounts have normal balances. The information below has been gathered at December 31, 2024. 1. Martinez Wolf Company borrowed $6,000 by signing a 4%, one-year note on September 1,2024. 2. A count of supplies on December 31, 2024, indicates that supplies of $820 are on hand. 3. Depreciation on the equipment for 2024 is $1,130. 4. Martinez Wolf Company paid $1,884 for 12 months of insurance coverage on June 1,2024. 5. On December 1, 2024, Martinez Wolf collected $29,800 for consulting services to be performed evenly from December 1 , 2024, through March 31, 2025. 6. Martinez Wolf performed consulting services for a client in December 2024 . The client will be billed $4,900. Payment from the customer is expected on January 14, 2025. 7. Martinez Wolf Company pays its employees total salaries of $9,900 every Wednesday for the preceding five-day week (Monday through Friday). Assume January 5 is a Wednesday. On Wednesday, January 5, 2025, employees were paid for the last five weekdays of 2024. Current Attempt in rrogress Martinez Wolf Company has the following balances in selected accounts on December 31, 2024. Martinez has a calenda All the accounts have normal balances. The information below has been gathered at December 31, 2024. 1. Martinez Wolf Company borrowed $6,000 by signing a 4%, one-year note on September 1,2024. 2. A count of supplies on December 31, 2024, indicates that supplies of $820 are on hand. 3. Depreciation on the equipment for 2024 is $1,130. 4. Martinez Wolf Company paid $1,884 for 12 months of insurance coverage on June 1,2024. 5. On December 1, 2024, Martinez Wolf collected $29,800 for consulting services to be performed evenly from December 1 , 2024, through March 31, 2025. 6. Martinez Wolf performed consulting services for a client in December 2024 . The client will be billed $4,900. Payment from the customer is expected on January 14, 2025. 7. Martinez Wolf Company pays its employees total salaries of $9,900 every Wednesday for the preceding five-day week (Monday through Friday). Assume January 5 is a Wednesday. On Wednesday, January 5, 2025, employees were paid for the last five weekdays of 2024Step by Step Solution
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