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that isthe whole question i dont have extra messages (2) a. 4. Monmath Corp. started operations in March of Year 3. The following transactions occur

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that isthe whole question i dont have extra messages
(2) a. 4. Monmath Corp. started operations in March of Year 3. The following transactions occur during March (when specific dates are not given, just put down March is fine). Prepare: (1). Journal entries as of Ma rch 31, Year 3. Prepare the balance she et as of March 31. On March 1, Year 3, Mont y contributes $20,000 for 10,000 shares of $1 par v alue stock. On March 31st, Year 3, M onmath borrows $10,000 f rom the bank at a 12% int erest rate. The loan plus in terest is due in twelve mo nths. On March 1, Year 3, Mon math rents a building and pays the annual rental of $ 1,200 in advance, effectiv e on March 1st Monmath buys $15,000 of inventory on account b. c. d. e on March 151 d. e. f. g. Monmath buys $15,000 of inventory on account Monmath sells $10,000 of the inventory for $12,000 on account. Monmath collects all of its accounts receivable. Monmath pays for one hal f of the inventory purchas ed in (d) above. Repairs of $300 in cash w ere made to the building (r ecord this as a repair expe nse) The firm paid $250 for one -year subscriptions to ski magazines. None of them agazines have been receiv ed to date. On March 31st, the firm pu rchases a machine for $10 ,000, freight of $675, and i nstallation costs of $1,500 h. I. (85.05)

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