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Luton Inc Exercise
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Luton Inc Exercise
Luton Inc. has a year end of December 31 2009.
For each of the following transactions, show which figure would be shown in:
Income statement
Cash
Prepayment
Accruals
Transactions:
Answers
Transaction 1 Dr Cr
Income statement
Cash
Prepayment
Accruals
- -
Transaction 2 Dr Cr
Income statement
Cash
Prepayment
Accruals
- -
Transaction 3 Dr Cr
Income statement
Cash
Prepayment
Accruals
- -
mber, 2009.