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Cannon Sporting Goods is one of the worlds leading manufacturers of athletic shoes and sports apparel. The following activit

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Answer #1

Accounting equation

No Assets = Liabilities + Stockholder's equity
a Building 182 Notes payable 50
Equipment 270
cash -402
b Cash 345 Common Stock 220
Paid in capital in excess of par value-Common Stock 125
c Dividend payable 130 Cash dividend -130
d Short term investment 7616
Cash -7616
e
f cash 4413
Short term investment -4413
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