Question
Assets Amount (USD) Liabilities and Equity Amount (USD) Cash $60,000 Accounts Payable $20,000 Accounts Receivable $40,000 Notes Payable $15,000 Inventory $50,000 Long-term Debt $60,000 Equipment
Assets | Amount (USD) | Liabilities and Equity | Amount (USD) |
Cash | $60,000 | Accounts Payable | $20,000 |
Accounts Receivable | $40,000 | Notes Payable | $15,000 |
Inventory | $50,000 | Long-term Debt | $60,000 |
Equipment | $120,000 | Shareholders' Equity | $145,000 |
Find out the total assets and total liabilities & equity given the balance sheet provided above.
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
9781292016924
