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A company entered into the following transactions: Borrowed $5, 190 from the bank by signing a promissory note Issued stock to owners for $11, 900

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A company entered into the following transactions: Borrowed $5, 190 from the bank by signing a promissory note Issued stock to owners for $11, 900 Purchased $1, 190 of supplies, on account Paid $590 to suppliers as payment on account for the supplies purchased What is the amount of total assets? $17, 090 $5, 790 $18, 280 $17, 690 What is the amount of total liabilities? $18, 280 $5, 790 $17, 690 $6, 380

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