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2 Assume no dividents were declared in January Record statement at January 31,2020 Cash $33,000 Equipment $30,000 Accounts Receivable 82,000 Bank Loan 15,000 Unused
2 Assume no dividents were declared in January Record statement at January 31,2020 Cash $33,000 Equipment $30,000 Accounts Receivable 82,000 Bank Loan 15,000 Unused Supplies 2,000 Accounts Payable 27,000 Land 25,000 Share Capital ? Building 70,000 Net Income 40,000 3 a. calculate total asset b. calculate total liabilities 5 c. calculate share capital 5e. Calculate retained earnings f.calculate total equity 9
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