Assets Amount (USD) Liabilities and Equity Amount (USD) Cash $80,000 Accounts Payable $20,000 Accounts Receivable $60,000 Notes
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Question:
Assets | Amount (USD) | Liabilities and Equity | Amount (USD) |
Cash | $80,000 | Accounts Payable | $20,000 |
Accounts Receivable | $60,000 | Notes Payable | $25,000 |
Inventory | $70,000 | Long-term Debt | $90,000 |
Equipment | $150,000 | Shareholders' Equity | $200,000 |
Compute the total assets and total liabilities & equity based on the given balance sheet.
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