Question: same format from letter a to k: Required information [The following information applies to the questions displayed below.) At January 1 (beginning of its fiscal

same format from letter a to k: Required information [The following informationsame format from letter a to k:

applies to the questions displayed below.) At January 1 (beginning of itsfiscal year), Conover, Inc., a financial services consulting firm, reported the followingaccount balances (in thousands, except for par and market value per share):

Required information [The following information applies to the questions displayed below.) At January 1 (beginning of its fiscal year), Conover, Inc., a financial services consulting firm, reported the following account balances (in thousands, except for par and market value per share): $ Cash Short-term investments Accounts receivable Supplies Prepaid expenses Office equipment Accumulated depreciation-office equipment* $ 2,050 Accounts payable 560 Unearned revenue 3,720 Salaries Payable 300 Short-term note payable 4,870 Common stock ($1 par value) 1,680 Additional paid-in capital (330) Retained earnings 360 1,470 1,020 930 200 6,710 2,160 *This account has a credit balance representing the portion of the cost of the equipment used in the past. a. Received $9,650 cash for consulting services rendered. b. Issued 40 additional shares of common stock at a market price of $195 per share. c. Purchased $790 of office equipment, paying 50 percent in cash and owing the rest on a short-term note. d. Received $1,040 from clients for consulting services to be performed in the next year. e. Bought $620 of supplies on account. f. Incurred and paid $1,950 in utilities for the current year. g. Consulted for clients in the current year for fees totaling $1,770, due from clients in the next year. h. Received $3,130 from clients paying on their accounts. i. Incurred $6,360 in salaries in the current year, paying $5,450 and owing the rest (to be paid next year). j. Purchased $1,380 in short-term investments and paid $950 for insurance coverage beginning in the next fiscal year. k. Received $85 in interest revenue earned in the current year on short-term investments. Journal entry worksheet 2 3 4 5 6 7 8 ..... 11 Received $9,650 cash for consulting services rendered. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Required: 2. Enter the following transactions for the current year into the T-accounts, using the letter of each transaction as the reference. (Enter your answer in thousands, not in dollars. Round your final answer to nearest whole dollar) Cash Short-term Investments Beg. Bal. Beg. Bal. End. Bal. End. Bal. 0 Accounts Receivable Supplies Beg. Bal. Beg. Bal. End. Bal. End. Bal. 0|| Prepaid Expenses Office Equipment Beg. Bal. Beg. Bal. End. Bal. End. Bal. Accumulated Depreciation Accounts Payable Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. Unearned Revenue Salaries Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. 0 Short-term Note Payable Common Stock Beg. Bal. Beg. Bal. End. Bal. End. Bal. Additional Paid-in Capital Retained Earnings Beg. Bal. Beg. Bal. End. Bal. End. Bal. 0 Consulting Fees Revenue Interest Revenue Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. L o Salaries Expense Utilites Expense Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. T o

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