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Question 1 (4 points each) Instructions: items A through AA, listed below, are certain balance sheet and income statement accounts. Match eadh of the 20

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Question 1 (4 points each) Instructions: items A through AA, listed below, are certain balance sheet and income statement accounts. Match eadh of the 20 items listed in the column on the right to the correct account on the left by placing the letter of the account in the space provided. If there is no matching account, please enter NA. A. Cash 1. A motor in one of North Company's trucks was overhauled at a cost of $600. It is expected that this will not extend the life of the truck. a 2 C. Accounts receivable D. Allowance for Doubtful Accounts ABC Co. purchased all of the assets of XYZ Co. for E. other receivables 1,000,000 when the fair market value of XYt's assets was $800,000. 3_ Goods held on consignment 4 What account is debited for imputed interest when GHI F. Inventory G. Prepaid Expenses H. Long-term Investments I. Land Inc. issues $100,000 of zero-coupon bonds to acquire a building? s_ Rent paid on July 1, 2015 for the month of July 2015. 6 DEF Corp. spent $80,000 in connection with its J. Land Improvements K. Building L Machinery & Equipment development of a patented pharmaceutical -Assumption of a lien on purchased land. M. Accumulated Depreciation N. Natural Resources O. Intangible Assets 8 The fair market value of goodwill is less than its book P. Goodwill Q. Bonds Payable R. Discount on Bonds Payable S. Bad Debt Expense T. Rent Expense U. Repairs & Maintenance V. Depreciation Expense W. Depletion Expense X. Amortization Expense Y. Loss on Impairment Z. Research & Development Expenses AA. Interest Expense 9. Investment in Subsidiary 10. Amounts due from customers for goods sold. 11. An improvement extended the life but not the usefulness of a machine in the factory. 12. Goods in transit shipped "f.o.b. shipping point" 13, Lambert Company recorded the first year's interest on 6% $100,000 ten-year bonds sold a year ago at face value. 14. Common stock of another company (to be sold by December 31, this year) 15. Private driveways and parking lots developed on 16. ABC Co. purchased a patent. 17. UVW Corp. bought the patent developed by DEF for $100,000. 18. When a bad debt is written-off, what account is debited? 19. What is debited when natural resources are 20. Legal work performed in connection with the building consumed? construction

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