Question: For the boxes below they are all in this format for the following topics: Cash, Short-Term Investments, Accounts Receivable, Supplies, Prepaid Expenses, Office Equipment, Accounts

For the boxes below they are all in this format for the

For the boxes below they are all in this format for the following topics: Cash, Short-Term Investments, Accounts Receivable, Supplies, Prepaid Expenses, Office Equipment, Accounts Payable, Unearned Revenue, Salaries Payable, Short-Term Note Payable, Common Stock, Additional Paid-in Capital, Retained Earnings, Consulting Fee Revenue, Interest Revenue, Salaries Expense, and Utilities Expense

following topics: Cash, Short-Term Investments, Accounts Receivable, Supplies, Prepaid Expenses, Office Equipment,

At January 1 (beginning of its fiscal year), Freeman, Incorporated, a financial services consulting firm, reported the ollowing account balances (in thousands, except for par and market value per share): a. Received $9,500 cash for consulting services rendered. b. Issued 10 additional shares of common stock at a market price of $120 per share. c. Purchased $640 of office equipment, paying 25 percent in cash and owing the rest on a short-term note. d. Received $890 from clients for consulting services to be performed in the next year. e. Bought $470 of supplies on account. f. Incurred and paid $1,800 in utilities for the current year. g. Consulted for clients in the current year for fees totaling $1,620, due from clients in the next year. h. Received $2,980 from clients paying on their accounts. i. Incurred $6,210 in salaries in the current year, paying $5,300 and owing the rest (to be paid next year). j. Purchased $1,230 in short-term investments and paid $800 for insurance coverage beginning in the next fiscal k. Received $10 in interest revenue earned in the current year on short-term investments. At January 1 (beginning of its fiscal year), Freeman, Incorporated, a financial services consulting firm, reported the ollowing account balances (in thousands, except for par and market value per share): a. Received $9,500 cash for consulting services rendered. b. Issued 10 additional shares of common stock at a market price of $120 per share. c. Purchased $640 of office equipment, paying 25 percent in cash and owing the rest on a short-term note. d. Received $890 from clients for consulting services to be performed in the next year. e. Bought $470 of supplies on account. f. Incurred and paid $1,800 in utilities for the current year. g. Consulted for clients in the current year for fees totaling $1,620, due from clients in the next year. h. Received $2,980 from clients paying on their accounts. i. Incurred $6,210 in salaries in the current year, paying $5,300 and owing the rest (to be paid next year). j. Purchased $1,230 in short-term investments and paid $800 for insurance coverage beginning in the next fiscal k. Received $10 in interest revenue earned in the current year on short-term investments

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