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Explain how to solve CashSales RevenueDebt Investments (trading)(at cost, $145,000)Cost of Goods SoldDebt...

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Accounting

Explain how to solve
CashSales RevenueDebt Investments (trading)(at cost, $145,000)Cost of Goods SoldDebt Investments (long-term)Equity Investments (long-term)Notes Payable (short-term)Accounts PayableSelling ExpensesInvestment RevenueLandBuildingsDividends PayableAccrued LiabilitiesDebit$199,690156,1404,800,000301,690279,6902,003,140263,1401042.690Credit$8,103,14093,140458,14065,840138,69099140
Accrued Liabilities
99,140
Accounts Receivable
438,140
Accumulated Depreciation-Buildings
152,000
Allowance for Doubtful Accounts
28,140
\table[[Administrative Expenses,902,840],[Interest Expense,213,840],[Inventory,$99,690
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