A company was recently formed with $50,000 cash invested by the owner. The company then borrowed $20,000 from a bank, and bought $10,000 of supplies on account. the company also purchased $50,000 of equipment by paying $20,000 in cash and signing a note for the remainder what amount of total to be reported on the balance a. $110,000 b. $100,000 c. $90,000 d. None of the above Which of the following items is not a specific account to a company's chart of accounts? a. Accounts receivable b. Net income c. Revenue d. Unearned Revenue