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25) On December 31, the assets of a business are: Cash, $3,500, Accounts Receivable, $14,000, and Supplies, $1,050. The liabilities on December 31 total $7,600.
25) On December 31, the assets of a business are: Cash, $3,500, Accounts Receivable, $14,000, and Supplies, $1,050. The liabilities on December 31 total $7,600. The owner's equity on December 31 is: A) $18,550. B) $25, 100. C) $10,950. D) $11, 100
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Advanced Accounting
Authors: Susan S. Hamlen
3rd Edition
1618531514, 978-1618531513
