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Required information (The following information applies to the questions displayed below.) Massa Company, which has been operating for three years, provides marketing consulting services worldwide

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Required information (The following information applies to the questions displayed below.) Massa Company, which has been operating for three years, provides marketing consulting services worldwide for dot-com companies. You are a financial analyst assigned to report on the Massa management team's effectiveness at managing its assets efficiently. At the start of 2019 (its fourth year), Massa's T-account balances were as follows. Dollars are in thousands. Transactions for 2019: a. Provided $59,600 in services to clients who paid $48,700 in cash and owed the rest on account. b. Received $5,900 cash from clients on account. c. Received $500 in cash as interest revenue on investments. d. Paid $34,900 in wages, $13,100 in travel, $7,000 in rent, and $1,300 on accounts payable. e. Received $1,400 in cash from clients in advance of services Massa will provide next year. f. Received a utility bill for $740 for 2019 services. g. Declared and immediately paid $410 in dividends to stockholders. Assets Cash Accounts Receivable 8,100 3,600 Long-Term Investments 6,600 Liabilities Accounts Payable Unearned Revenue 2,100 4,600 Long-Term Notes Payable 1,400 Stockholders' Equity Common Stock ($0.10 par value) Additional Paid-in Capital 600 3,400 Retained Earnings 6, 200 Revenues Consulting Fee Revenue Interest Revenue Expenses Nages Expense Travel Expense Utilities Expense Rent Expense Enter the 2019 transactions in the T-accounts: (Enter your answer in thousands, not in dollars.) Cash Accounts Receivable Beg bal Beg bal. End. bal. 1 End. bal. 0 Long-Term Investments Accounts Payable Beg. bal. Beg, bal End. bal. 0 End. bal. Unearned Revenue Long-Term Notes Payable Beg. bal Beg. bal. End, bal 0 End. bal. 0 Common Stock Additional Paid-in Capital Beq. bal Beg. bal End, bal 0 End. bal 0 Retained Earnings Consulting Fee Revenue Beg. bal. Beg. bal. End, bal 0 End. bal. 0 Interest Revenue Wages Expense Beg. bal. Beg. bal End, bal 0 End. bal. Travel Expense Utilities Expense Beg. bal. Beg. bal End. bal. 0 End. bal. 0 Rent Expense Beg. bal. End. bal. 0

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