Question
ABC Company has the following balances at the end of their fiscal year: Cash 11,000 Accounts Receivable 3,000 Long Term Debt 4,000 Accounts Payable 2,000
ABC Company has the following balances at the end of their fiscal year: Cash 11,000 Accounts Receivable 3,000 Long Term Debt 4,000 Accounts Payable 2,000 Inventory 2,000
Based on only these account balances, calculate the total owners equity at the end of the year. ( (Answer in whole $s without the $ sign or comma, xxxxx, e.g. 12000.)
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Bookkeeping And Auditing A Career Guide
Authors: Harry Watts
1st Edition
1639878106, 1639878106
