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Learning TeamCh. 3 text Exercises | Resource: Ch. 3 of financial accountancyPrepare written answers to the following(a) assignments from Ch. 3 of pecuniary Accounting:Exercise E3-2Problem P3-2A| workweek 3| 3| ------------------------------------------------- E3-2 On numerous occasions, proposals make irrigate surfaced to put the federal governance on the accrual rump of accounting.This is no small issue. If this instauration were used, it would reckon that billions in unrecorded liabilities would have to be booked, and the federal deficit would growth substantially. Instructions (a) What is the difference amidst accrual- dry state accounting and cash- primer coat accounting? (b) why would politicians prefer the cash terra firma over the accrual primer coat? (c) Write a bring in to your senator explaining why the federal government activity should adopt the accrual basis of accounting. P3-2A LO VAMOS HACER ENTRE SONIA Y CARMEN Neosho River Resort, Inc. opened for vocation on June 1 with eightsome air-conditioned units. Its campaign balance onwards adjustment on empyrean 31 is as follows. NEOSHO RIVER RESORT, INC.

ravel Balance August 31, 2008 Account process Debit Credit 101 bullion $ 19,600 126 Supplies 3,300 130 Prepaid insurance policy policy 6,000 140 orbit 25,000 143 Cottages 125,000 149 Furniture 26,000 201 Accounts payable $ 6,500 208 honorary choose 7,400 275 Mortgage Payable 80,000 311 Common Stock 100,000 332 Dividends 5,000 429 affiance tax income 80,000 622 Repair outgo 3,600 726 Salaries Expense 51,000 732 Utilities Expense 9,400 $273,900 $273,900 In addition to those accounts listed on the trial balance, the chart of accounts for Neosho River Resort in any case contains the following accounts and account verse: no. 112 Accounts Receivable, No. revenue stack away dispraiseCottages, No. 150 pile up DepreciationFurniture, No. 212 Salaries Payable,No. 230...If you exigency to get a to the full essay, order it on our website: Orderessay

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