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(Solved): The Murdock Corporation (MC) reported the following balance sheet data for 2022 and 2021: Additiona ...




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The Murdock Corporation (MC) reported the following balance sheet data for 2022 and 2021: Additional information for 2022: (1.) Sold available-for-sale debt securities costing for . (2.) Equipment costing with a book value of was sold for . (3.) Issued bonds payable at face value, . (4.) Purchased new equipment for cash. (5.) Paid cash dividends of . (6.) Net income was . 1) For the additional information provided above, show all the journal entries and classify each transaction in the correct category (operating, investing, financing). 2) Using a T-account, show how to estimate the depreciation expense for 2021. 3) Using a T-account, show how to reconcile the Retained Earnings account.


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