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Learn survey of accounting chapter 1 with free interactive flashcards. Choose from 500 different sets of survey of accounting chapter 1 flashcards on Quizlet.
2/9/2017 · Survey of Accounting, 5th Edition by Thomas Edmonds and Christopher Edmonds and Philip Olds and Frances McNair and Bor-Yi Tsay (9781259631122) Preview the textbook, purchase or get a FREE instructor-only desk copy.
Survey of Accounting, 5e (Edmonds) Chapter 2 Accounting for Accruals and Deferrals 1) Bledsoe Company received $17,000 cash from the issue of stock on January 1, Year 1. During Year 1, Bledsoe earned $8,500 of revenue on account. The company collected $6,000 cash from accounts receivable and paid $5,400 cash for operating expenses.
other, and the accounting equation balances. 5. A primary control for determining the accu- racy of record keeping is the equality of the accounting equation. The accounting equa- tion must balance. 6. Total assets are increased by $175,000: an increase in cash of $375,000 and a de- crease in land of $200,000. Stockholders’ equity

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