Question
16.(5 points) Assume R made entries for the facts presented in traditional homework item no. 24. Further assume that prior to making those entries, R's
16.(5 points) Assume R made entries for the facts presented in traditional homework item no. 24. Further assume that prior to making those entries, R's balance sheet indicated the following amounts:
TOTAL ASSETS:$2,500,000
TOTAL LIABILITIES$450,000
TOTAL OWNERS' EQUITY$2,050,000
After recording the entries for the facts presented in traditional homework item no. 24, identify the following amounts for R:
TOTAL ASSETS:$
TOTAL LIABILITIES$
TOTAL OWNERS' EQUITY$
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Introduction To Financial Accounting
Authors: Charles T Horngren, Gary L Sundem
10th Edition
136122973, 978-0136122975
