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(Solved): Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, ...




Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in
Assume that Harris Company acquires \( \$ 1,900 \) cash from creditors and \( \$ 2,500 \) cash from investors.
Required
b. If
Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings Provide the appropriate titles for these accounts in the last column of the table. (Enter any decreases to account balances with a minus sign. Not all c entry.) Assume that Harris Company acquires \( \$ 1,900 \) cash from creditors and \( \$ 2,500 \) cash from investors. Required b. If Harris has a net income of \( \$ 1,900 \) and then fiquidates, what amount of cash will the creditors receive? What amount of cash will the investors recelve? c. If Harris has a net loss of \( \$ 1,900 \) cash and then liquidates, what amount of cash will the creditors tecelve? What amount of cash wil the investors receivo? d. If Harris has a net loss of \( \$ 3,000 \) cash and then liquidates, What amount of cash will the creditors recelve? What amount of cash will the investors recelve? Complete this question by entering your answers in the tabs below. If Hamis has a net income of \( \$ 1,900 \) and then liquidates, what amount of cath wil the creditors receive? What anount of cash Will the investon receive?


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