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The following information applies to the questions displayed below.] Fedex Corporation reported its balance sheet at May 31, 2013. Assume the following alphabetically listed accounts
The following information applies to the questions displayed below.] Fedex Corporation reported its balance sheet at May 31, 2013. Assume the following alphabetically listed accounts were included in its trial balance immediately prior to preparing the financial statements FEDEX CORPORATION Adjusted Trial Balance At May 31, 2013 (millions of dollars) Debit $ 6,000 5,900 Credit $ 3,900 20,600 3,700 Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Common Stock Depreciation Expense Dividends Equipment Goodwill Income Tax Expense Income Tax Payable Interest Expense Interest Receivable Interest Revenue Notes Payable (long-term) Notes Payable (short-term) Office Expenses Prepaid Rent Rent Expense Repairs and Maintenance Expense Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Service Revenue Supplies Transportation Expense 3,400 270 40,100 4,800 1,400 1,400 200 110 120 8,700 800 7,640 1,350 3,500 2,900 16,500 17,600 2,700 50,200 550 12,900 $108,620 $108,620
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