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[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

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[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 $60,000 in services to clients who pald $49,000 in cash and owed the rest on account. b. Received $6,200 cash from clients on account. c. Received $490 in cash as interest revenue on investments, d. Pald $35,100 in wages, $13,200 in travel, $7,500 in rent, and $1600 on accounts payable. e. Received $1,900 in cash from clients in advance of services Massa will provide next year. f. Received a utility bill for $710 for 2019 services, 9. Declared and immediately paid $330 in dividends to stockholders. Assets Cash Accounts Receivable 8.000 3,300 Long-Ter Investments 6,900 Liabilities Accounts Payable Unenred Revenge 2,400 4.700 Long-Term Notes Payable 1.100 Carhaldere 2,400 4,700 Long-Term Notes Payable 1,100 Stockholders' Equity Common Stock ($0.10 par value) Additional Paid-in Capital 630 3,570 Retained tannings 5,800 Revenues Consulting Fee Revenue Interest Ravenue Expenses Hages Expense Travel Expense Utilities Ense tent Expense 3. Compute ending balances in the T-accounts to determine amounts for the following on December 31, 2019: (Enter your answers in thousands, not in dollars.) Ravenues Assets Expenses - Liabilities Net Income + Stockholders' Equity

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