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Home Q & A Board Other Fields Homework Help Business Accounting
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Tomm Tomm
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6 years ago
Listed below are selected accounts from the general ledger of the JetNew Corporation. Assuming all accounts have normal balances, prepare the shareholders' equity section of the balance sheet for the JetNew Corporation as of December 31, 2013.

Common shares   $ 50,000
Cash    40,000
Preferred shares    100,000
Accounts receivable    35,000
Contributed surplus-repurchase of common
shares   15,000
Land   50,000
Equipment   75,000
Retained earnings   45,000
Accumulated other comprehensive income   50,000
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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ACC 925
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msayed2004msayed2004
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6 years ago
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Tomm Author
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6 years ago
This calls for a celebration Person Raising Both Hands in Celebration
riptide
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this is exactly what I needed
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Good timing, thanks!
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