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The accounts in the ledger of Sanford Delivery Service contain the following balances on July 31, 2010.
Instructions
Prepare a trial balance with the accounts arranged as illustrated in the chapter and fill in the missing amount for Cash.
The fair value of the Treasury bonds is $104,000 at year-end.
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1.At the beginning of 2013, VHF Industries acquired a machine with a fair value of $6,074,700 by signing a fouryear lease. The lease is payable in four annual payments of $2 million at the end of each year.Required:
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