Question
1. Presented below is selected information related to Garryowen Company at December 31, 2019. Garryowen reports financial information monthly. Account Payable $ 3000 Salaries and
1. Presented below is selected information related to Garryowen Company at December 31, 2019. Garryowen reports financial information monthly.
Account Payable $ 3000 Salaries and wages $ 16500
Notes payable $ 25000
cash $ 9000 Rent Expense $ 9800
Advertising expense $ 6000 Account Receivable $ 13500
Service Revenue $ 4000 Dividends $ 7500
Equipment $ 29000 (a). Determine the total Assets of Garryowen Company at December 31, 2019
(b). Determine the Net Income that Garryowen Company Reported for December 31, 2019
(c). determine the Stockholder's equity of Garryowen Company at December 31, 2019.
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