Sandi Alcon, the bookkeeper for New York Company, has been trying to determine the correct ?assets, liabilities,

Question:

Sandi Alcon, the bookkeeper for New York Company, has been trying to determine the correct ?assets, liabilities, and owner?s equity for the company. Her calculations are shown below.

InstructionsExplain to Sandi Alcon in a memo why her original calculations are incorrect, and what should be done to correct them.

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College Accounting

ISBN: 1986

1st Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell

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Question Posted: Dec 17, 2019 08:16 AM

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Sandi Alcon, the bookkeeper for New York Company, has been trying to determine the correct ?assets, liabilities,

Question:

Liabilities and Owner's Equity Assets Equipment Cash Supplies Accounts Payable Owner's Capital Accounts Receivable Owner's Drawings Notes Payable $26,000 (6,000) (2,000) $25,500 9,000 2,000 (8,000) 10,500 $28,500 $28,500

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To Sandi Alcon From Student I have received the computations of assets liabilities and owners ...View the full answer

College Accounting

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