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Problem 2 - 35 points Win is manufacturer organized as a partnership. Win a brand new business which prints customized books. A. Prepare transactions and

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Problem 2 - 35 points Win is manufacturer organized as a partnership. Win a brand new business which prints customized books. A. Prepare transactions and adjusting journal entries for the following. Indicate whether each account increases/decreases and by how much. 28 points 1. March 10 - Partner A invests $100,000 in Win by depositing $100,000 in a checking account. 2. March 11 - A part-time employee, Amber Rose, is hired. She will be paid $15 per hour. She will start work on March 12 3. March 15 - Vin purchased ink, paper, and glue on account from Artsy for $10,000. Terms are 1/10, n/30. This purchase is delivered on March 15, 4, March 17 - Production of the books starts using the ink, paper, and glue purchased from Artsy. 5. March 20 - Wins pays for the purchase made from Artsy. 6. March 25 - The books are finished. Amber Rose is owed $500 for working on the books. She will be paid on April 3 7. March 29 - Win ships the books to its customer. Terms are n/30, 2/5. The customer owes $20,000 B. Using the above transactions and adjusting journal entries, list any asset account balance as of March 31". Show your work. You are welcome to use i-accounts to calculate the balances. 7 points

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