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Problem 2-02A These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) $32,480 Utilities expense 2,170 Equipment
Problem 2-02A
These items are taken from the financial statements of Cullumber Company for 2022.
Retained earnings (beginning of year) $32,480
Utilities expense 2,170
Equipment 64,300
Accounts payable 19,970
Cash 13,930
Salaries and wages payable 6,630
Common stock 22,900
Dividends 12,000
Supplies 4,000
Debt investment (long-term) 5,600
Trademarks 1,900
Service revenue 69,600
Prepaid insurance 7,130
Maintenance and repairs expense 1,630
Depreciation expense 3,140
Accounts receivable 15,880
Insurance expense 2,660
Salaries and wages expense 38,670
Accumulated depreciationequipment 21,430
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