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The following is the ending balances of accounts at December 31,2024 , for the Weismuller Publishing Company. Additional information: 1. Prepaid expenses include $120,000 paid

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The following is the ending balances of accounts at December 31,2024 , for the Weismuller Publishing Company. Additional information: 1. Prepaid expenses include $120,000 paid on Pecember 31,2024 , for two yeors of rent on the buiding that houses both the adminutrative offices and the manufacturing hacility 2. Investments inclide $30,000 in Treasury bils purchased on November 30, 2024, The bils mature on January 30, 2025, The 3. Deferred reveriue iepresents customer prepayments for nubseriptions Subscriptions are for petiods of one year or less. 4. The notes paysbie account consists of the following administrative offices and the manufacturing facility. 2. Investments include $30,000 in Treasury bills purchased on November 30,2024 . The bills mature on January 30,2025 . The remaining $110,000 is an investment in equity securities that the company intends to sell in the next year: 3. Deferred revenue represents customer prepayments for subscriptions. Subscriptions are for periods of one year or less. 4. The notes payable account consists of the following: a. $40,000 note due in six months. b. a $100,000 note due in six years. c. a $60.000 note due in three annual installments of $20.000 each, with the next instaliment due August 31,2025. 5. The common stock account represents 400,000 shares of no par value common stock issued and outstanding. The corporation has 800.000 shares authonized Required: Note: Amounts to be deducted should be indicated by a minus sign

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