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Nadusha1986 [10]
3 years ago
8

Cray Company started year 2 with $60,000 in its cash and common stock accounts. During year 2 Cray paid $45,000 cash for employe

e compensation. Assume this is the only transaction that occurred in year 2. Required Determine the total amount of assets at the end of year 2, assuming Cray is a manufacturing company and the employees were paid to make products. Determine the amount of expense recognized on the year 2 income statement, assuming Cray is a manufacturing company and the employees were paid to make products. Determine the total amount of assets at the end of year 2, assuming Cray is a service company. Determine the amount of expense recognized on the year 2 income statement, assuming Cray is a service company.
Business
2 answers:
son4ous [18]3 years ago
7 0

Explanation:

Hey Guyz !

\: \bigstar \large\fbox\red{ \: ᭄ꦿ᭄Heyy   I   am    borèd   ☻࿐} \bigstar

\: \mathfrak \green{⛬ \: Heyy   I   am    borèd   ☻}

elena55 [62]3 years ago
7 0

Answer:

Hi BubbleTeaLover!

Here you go:

Manufacturing:

Total Assets: $60,000

Total Expenses: $0

Service:

Total Assets: $15,000

Total Expenses: $45,000

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