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The following list of accounts was drawn from the accounts of Little Grocery Supplier ( LGS ) as of December 3 1 , Year 1
The following list of accounts was drawn from the accounts of Little Grocery Supplier LGS as of December Year : Cash $ accounts receivable $ Allowance for doubtful accounts $ Inventory Accounts payable Common stock Retained earnings Transactions for Year Acquired an additional $ cash from the issue of common stock. Purchased $ of inventory on account. Sold inventory that cost $ for $ Sales were made on account. The company wrote off $ of uncollectible accounts. On September LGS loan $ to Eden Company the note has a percent interest rateand one year term. Paid $ cash for operating expenses. The company collected cash from accounts receivable. A cash payment of $ was paid on accounts payable. The company paid cash dividend to the stockholders. Uncollectible accounts are estimated to be percent of sales on account Recorded the accrued at December year
The following list of accounts was drawn from the accounts of Little Grocery Supplier LGS as of December Year : Cash $ accounts receivable $ Allowance for doubtful accounts $ Inventory Accounts payable Common stock Retained earnings Transactions for Year Acquired an additional $ cash from the issue of common stock. Purchased $ of inventory on account. Sold inventory that cost $ for $ Sales were made on account. The company wrote off $ of uncollectible accounts. On September LGS loan $ to Eden Company the note has a percent interest rateand one year term. Paid $ cash for operating expenses. The company collected cash from accounts receivable. A cash payment of $ was paid on accounts payable. The company paid cash dividend to the stockholders. Uncollectible accounts are estimated to be percent of sales on account Recorded the accrued at December year
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