Presented below are selected accounts for San Marcos Corporation for December 31 of the current year. Debit Credit Interest Receivable Accounts Receivable-trade Building and Equipment Cash in bank-operating Installment Receivables $740 1,030 59 55 90 Merchandise Inventory 45 Land 300 Notes Receivable-long term 555 Petty cash 8 Prepaid Expenses-current 62 A. $925 OB. $760 OC. $840 OD. $845

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Presented below are selected accounts for San Marcos Corporation for December 31 of the current year.
Debit
Credit
Interest Receivable
Accounts Receivable-trade
Building and Equipment
Cash in bank-operating
Installment Receivables
$740
1,030
59
55
90
Merchandise Inventory
45
Land
300
Notes Receivable-long term
555
Petty cash
8
Prepaid Expenses-current
62
A. $925
OB. $760
OC. $840
OD. $845
Transcribed Image Text:Presented below are selected accounts for San Marcos Corporation for December 31 of the current year. Debit Credit Interest Receivable Accounts Receivable-trade Building and Equipment Cash in bank-operating Installment Receivables $740 1,030 59 55 90 Merchandise Inventory 45 Land 300 Notes Receivable-long term 555 Petty cash 8 Prepaid Expenses-current 62 A. $925 OB. $760 OC. $840 OD. $845
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