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Accounting
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Consider the following situations and determine (1) which type of liability should be recognized (specific account), and (2) how much should be recognized in the current period (year A. A business sets up a line of credit was a surple. The company purchags $12,000 worth of cauiment on credit. Terms of purchase S/10,39 2. A customer burchases a watering here for 520. The sales tax EBLES 4 Round your answer to two decimal places C. Comes Bay in avance for seg tickets to a soccer game. There are 17 customers, each pay $290 per season ticket. Each customer purchased two season ixkets. D. ASUS 2,300 shares of stock with me pes share $19
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