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ACCT/382 ACCT382 ACCT 382 Week 3 Chapter 3 Homework Question 3

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ACCT 382 Week 3 Chapter 3 Homework Question 3 There may be chances that the figures given in our question and your question doesn’t matches. Don’t worry, we are here to help you. Just write to us at studentwhiz@gmail.com and your answer is with you in no time. Question 3 The following is a December 31, 2013, post-closing trial balance for the Jackson Corporation. Account Title Debits Credits Cash 40,000 Accounts receivable 34,000 Inventories 75,000 Prepaid rent 16,000 Marketable securities (short term) 10,000 Machinery 145,000 Accumulated depreciation—machinery 11,000 Patent (net of amortization) 83,000 Accounts payable 8,000 Wages payable 4,000 Taxes payable 32,000 Bonds payable (due in 10 years) 200,000 Common stock 100,000 Retained earnings 48,000 Totals 403,000 403,000

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