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We at Accounting Assignments Help provide Mcgraw-hill connect Exam and Mcgraw-hill connect Homework (Connect Problems) with step by step calculation and explanation 24*7 from our professional experts for following topics.

Problem-1

Suppose the following information (in thousands of dollars) is available for Coronado Industries—famous for ketchup and other fine food products—for the year ended April 30, 2017.

Prepaid insurance $ 115,000        Buildings $4,074,100

Land 76,300                                     Cash 379,700

Goodwill 3,931,500                  Accounts receivable 1,162,500

Trademarks 780,900              Accumulated depreciation—buildings 2,176,100

Inventory 1,220,700

Prepare the assets section of a classified balance sheet. (List current assets in order of liquidity.)Continue reading

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Problem-1

During 2017, Blossom Company entered into the following transactions.

1.		Purchased equipment for $323,340 cash.
2.		Issued common stock to investors for $139,300 cash.
3.		Purchased inventory of $71,720 on account.

Using the following tabular analysis, show the effect of each transaction on the accounting equation. For Retained Earnings, use separate columns for Revenues, Expenses, and Dividends if necessary.Continue reading