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Question #1 (15 points): Match each of the questions with a financial statement which answers the question. Accounting Question An3wer. one Income Statement, Balance Sheet

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Question #1 (15 points): Match each of the questions with a financial statement which answers the question. Accounting Question An3wer. one Income Statement, Balance Sheet or Statement of Cash Flows List the Specific Account How much does the firm owe its employees in wages? What is the remaining amount of the 30-year loan from National Bank? How much cash was generated from operations? Does the company have any land it owns? What was the amount for Advertising this year? Accounting Transaction Impact on the Balance Sheet equation The company maliled its check for payment of merchandise it had purchased. Shares of common stock were sold. The company purchased a new delivery van using cash. Citizens Bank gave the firm a short term, 3- month loan for $25,000. The company paid the taxes it owed to the federal, state and local governments

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