Solution 1 Assuming that Cayman Coating Co
Solution Assuming that Cayman
Solution Assuming that
Assuming that Cayman Coating Co
Solution Assuming that
Cayman Coating Co
Solution Assuming
Solution
(Solution) 1 Assuming that Cayman Coating Co.

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5.  b.1 Assuming that Cayman Coating Co.'s payroll for the last week of the year is to be paid on January 3, 2013, use the horizontal model to record the effects of the December 27, 2012, entries for Accrued payroll taxes. (Enter decreases to account balances with a minus sign.)                           Balance Sheet                                                                                        Income StatementAssets=Liabilities+Stockholders Equity                                                              Net Income=Revenue-Expenses_________=___________+_____________                                                                    _____________=______________-____________________

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