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Learning TeamCh. 3 Textbook Exercises | Resource: Ch. 3 of pecuniary accountancyPrepare written answers to the following(a) assignments from Ch. 3 of Financial Accounting:Exercise E3-2Problem P3-2A| week 3| 3| ------------------------------------------------- E3-2 On numerous occasions, proposals make water supply surfaced to put the federal government on the accrual ass of accounting.This is no small issue. If this instauration were used, it would mean that billions in bouncy liabilities would have to be booked, and the federal deficit would increase substantially. operating instructions (a) What is the difference amidst accrual- dry land accounting and cash- radix accounting? (b) wherefore would politicians prefer the cash basis over the accrual basis? (c) Write a garner to your senator explaining why the federal government should adopt the accrual basis of accounting. P3-2A LO VAMOS HACER ENTRE SONIA Y CARMEN Neosho River Resort, Inc. opened f or business concern on June 1 with octonary air-conditioned units. Its trial dimension before adjustment on sublime 31 is as follows. NEOSHO RIVER RESORT, INC.

Trial Balance August 31, 2008 Account subprogram debit entry Credit 101 Cash $ 19,600 126 Supplies 3,300 130 Prepaid indemnity policy 6,000 140 Land 25,000 143 Cottages 125,000 149 Furniture 26,000 201 Accounts Payable $ 6,500 208 unearned choose 7,400 275 Mortgage Payable 80,000 311 Common Stock 100,000 332 Dividends 5,000 429 make tax income 80,000 622 Repair Expense 3,600 726 Salaries Expense 51,000 732 Utilities Expense 9,400 $273,900 $273,900 In addit! ion to those accounts listed on the trial balance, the chart of accounts for Neosho River Resort excessively contains the following accounts and account numbers: no. 112 Accounts Receivable, No. gross stack away DepreciationCottages, No. 150 accumulated DepreciationFurniture, No. 212 Salaries Payable,No. 230...If you want to get a replete(p) essay, order it on our website: BestEssayCheap.com

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