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A corporation has the following account balances on September 30, 2015: Cash $1,500, Accounts Receivable $5,200, Unused Supplies $200, Advertising Expense $450, Interest Expense $400,
A corporation has the following account balances on September 30, 2015: Cash $1,500, Accounts Receivable $5,200, Unused Supplies $200, Advertising Expense $450, Interest Expense $400, Supplies Used $240, Wages Expense $2,200, Service Revenue $4,500, Accounts Payable $2,500, Share Capital $1,500, Retained Earnings $1,690. Calculate the percentage of assets financed by equity.
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