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Record the appropriate journal entry to reflect the following: The investments that Veggies-R-Us currently has in their investment account (current asset) represents investments that were
Record the appropriate journal entry to reflect the following: The investments that Veggies-R-Us currently has in their investment account (current asset) represents investments that were purchased recently. Based upon stock market quotes obtained for December 31, the market value of these investments = $ 112,000. (It is managements intent to actively manage these shares for profit.)
Record the appropriate journal entry to reflect the following The investments that Veggies-R-Us currently has in their investment account (current asset) represents investments that were purchased recently. Based upon stock market quotes obtained for December 31, the market value of these investments $112,000. (It is management's intent to actively manage these shares for profit.) Veggies-R-Us Trial Balance December 31, 20XX Account Title $26,750 47,630 250 1,680 8,700 113,520 15,350 Cash Accounts receivable Allowance for doubtful accounts Prepaid rent Supplies nvestments Furniture Accumulated depreciation- furniture Equipment Accumulated depreciation- equipment Building Accumulated depreciation- buildin Accounts payable Salary payable Unearned revenue, customer deposits 12,800 44,600 1,830 89,900 28,600 6,240 25,500 Bonds payable Premium of bonds payable Common stock Retained earnings Dividends Revenue Salary expense Rent expense 150,000 6,000 20,000 54,920 5,250 132,400 51,600 5,000
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