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[The following information saphies to the quextions displayed bolowi]. Vail Resorts, Inc. owns and operotes 11 premier year-round ski resort properties llocated in the Colorado

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[The following information saphies to the quextions displayed bolowi]. Vail Resorts, Inc. owns and operotes 11 premier year-round ski resort properties llocated in the Colorado Rocky Mountains. the Lake Taboe area, the upper midwest, Vermont, and Australa). The company also owns a colector of luaury hotela resorts, and lodging properties. The company sells lift ticicets, ski lessons, and shi equiliment. The following fypothetical Dencember tronsactions are typical of those that occur at the ressorts a. Borrowed $2,800,000 from the bank on December t signing a note payabie due in six months: b. Purchased a new snowplow for $89.000 cash on December 31 . c. Purchased sib equipment iriventory for $38,000 on account to sell in the swi shops. d. Incurred 561,00p in routine repairs expense for the chairifts; paid cish. e. Sold $368.000 of January through March season passes and receved cash. f. Sold a pair of skis from inventory in a skil shop to a customer for $490 on account. (The cost of the skis was 5340] (Hint: Record two entries.) Q. Sold dally lift passes in December for a total of $265,000 in cash. h. Recelved a $3,700 deposit on a townhouse to be rented for five days in January. 1. Paid half the charges incurred on account in (c). 1. Recelved 5330 on account from the custorner in (0): k. Paid $256.000 in wages to employees for the month of December. 2. Assume that Vall Resorts had a 52,970 balance in Accounts Receivable at the beginning of Decembec Dotermine the ending balance in the Accounts Pecelvable account at the end of December based on transactions fay through fad

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