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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): 950 Cash $ 1,980 Accounts payable 290 Short-term investments 490 Unearned revenue 1,400 Accounts receivable 3,650 Salaries Payable Supplies 238 Short-term note payable 860 Prepaid expenses 4,800 Connon stock ($1 par value) 130 Office equipment Accumulated depreciation-office equipment 1,610 Additional paid-in capital 6,640 (400) Retained earnings 2,890 *This account has a credit balance representing the portion of the cost of the equipment used in the past. a. Received $9,580 cash for consulting services rendered. b. Issued 26 additional shares of common stock at a market price of $160 per share. c Purchased $720 of office equipment, paying 30 percent in cash and owing the rest on a short-term note. d. Received $970 from clients for consulting services to be performed in the next year. e. Bought $550 of supplies on account 1. Incurred and paid $1,880 in utilities for the current year. 9. Consulted for clients in the current year for fees totaling $1700, due from clients in the next year h. Received $3,060 from clients paying on their accounts. 1. Incurred $6,290 in salaries in the current year, paying $5,380 and owing the rest (to be paid next year) J. Purchased $1,310 in short-term investments and paid $880 for insurance coverage beginning in the next fiscal year, k Received $50 in interest revenue earned in the current year on short-term investments. 3. Using the data from the T-accounts, amounts for the following at the end of the current year were (Enter your answers in thousands, not in dollars. Round your final answers to nearest whole dollar.) Revenues Assets Expenses Liabilities Net Income - Stockholder's equity

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