Lasting Enterprises has $82,000 in cash, $30,000 in inventory, $37,000 balance due to creditors, and $11,000 balance

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Lasting Enterprises has $82,000 in cash, $30,000 in inventory, $37,000 balance due to creditors, and $11,000 balance due from customers. What is the amount of owners’ equity?

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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Question Posted: Sep 01, 2014 12:08 PM

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Lasting Enterprises has $82,000 in cash, $30,000 in inventory, $37,000 balance due to creditors, and $11,000 balance

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Amount of Owners Equity Assets Cash 82000 Accounts receivable 1...View the full answer

Financial Accounting: A Business Process Approach

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