acct rec.............................2008 126,000 2009.....................160,0

Question

acct rec.............................2008 126,000 2009.....................160,000
marketable securities...........2008 -0- 2009.....................250,000
retained earnings................2008 80,000 2009.....................(80,000)
notes rec............................2008 120,000 2009 -0-
note payable.......................2008 870,000 2009..................800,000
cash..................................2008 84,000 2009.....................80,000
sales..................................2008 970,000 2009.......................910,000

Explanation / Answer

1. acct rec % change = 27% 2. marketable securities % change = 250000% 3. retained earning % change = -200% 4. notes rec % change = -100% 5. notes payable = -8% 6. cash = -5% 7. sales = -6%

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