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[The following information applies to the questions displayeo' below] Jaguar Plastics Company has been operating for three years. At December 31 of last year, the
[The following information applies to the questions displayeo' below] Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following: During the current year, the company had the following summarized activities: a. Purchased short-term investments for $10,000 cash. b. Lent $5,000 to a supplier, who signed a two-year note. c. Leased equipment that cost $18,000; paid $5,000 cash and signed a five-year right-of-use lease for the balance. January 1 of next year. e. Issued an additional 2,000 shares of $0.50 par value common stock for $11,000 cash. f. Borrowed $9,000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $3,000cash. h. Bullt an addition to the factory for $24,000; pald $8,000 in cash and signed a three-year note for the balance. i. Returned defective equiprrent to the manufacturer, receiving a cash refund of $1,000. Required: 4. Prepare a trial balance at December 31 of the current year
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