Question
Assets Liabilities General Bank Account $6,500 Bank Loan $5,000 Office Furniture $1,000 Credit Card Debt $800 Computer Equipment $2,500 If a $400 profit was added
| Assets | Liabilities | ||
| General Bank Account | $6,500 | Bank Loan | $5,000 |
| Office Furniture | $1,000 | Credit Card Debt | $800 |
| Computer Equipment | $2,500 |
|
|
If a $400 profit was added to the chart above, owners equity would become:
| 4,600 | ||
| 14,000 | ||
| 6,900 | ||
| 6,500 |
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Financial Accounting For Executives And MBAs
Authors: Paul Simko, James Wallace, Joseph Comprix
5th Edition
1618533665, 9781618533661
