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21. Unsaved On January 1, 2016, Belmonte Company began a new business with the following assets and liabilities. Please, complete the fundamental accounting equation for
21. Unsaved On January 1, 2016, Belmonte Company began a new business with the following assets and liabilities. Please, complete the fundamental accounting equation for this company. Accounts Payable $ 10,000 Cash $ 15,000
Truck 26,000 Loans Payable 12,000
Supplies 1000 Equipment 1,750
A.Assets $ 83,750 = Liabilities $23,750 + Owner's Equity $60,000 | |
B.Assets $ 83,750 = Liabilities $22,000 + Owner's Equity $61,750 | |
C.Assets $ 37,000 = Liabilities $55,000 - Owner's Equity $18,000 | |
D.Assets $ 37,000 = Liabilities $18,000 - Owner's Equity $55,000 |
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