Question
a. $900,000. b. $921,000. c. $956,000. d. $794,000. The bookkeeper for Martin Supply Company made the following journal entry to record a transaction that took
a.$900,000.
b.$921,000.
c.$956,000.
d.$794,000.
The bookkeeper for Martin Supply Company made the following journal entry to record a transaction that took place on March 10, Year 2: Debit Credit Accounts 30,000 Receivable Cash 21,000 Equipment 51,000 Before the journal entry above, Martin had assets of $900,000; liabilities of $460,000; and owners' equity of $440,000. Total assets immediately after the above transaction have been recorded amount to:
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
10th Canadian edition Volume 1
978-0134213101, 134213106, 133855376, 978-0133855371
