Determine the following amounts. a. The amount of the liabilities of a business that has $ 60,800
Question:
a. The amount of the liabilities of a business that has $ 60,800 in assets and in which the owner has $ 34,500 equity.
b. The equity of the owner of a tour bus that cost $ 57,000 who owes $ 21,800 on an installment loan payable to the bank.
c. The amount of the assets of a business that has $ 11,780 in liabilities and in which the owner has $ 28,500 equity.
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Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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