Question
Consider the following transactions: (a) Borrows cash, DKK 80,000. (b) Delivers services on credit, DKK 10,000. (c) Receives payment from customer for purchase on credit,
Consider the following transactions: (a) Borrows cash, DKK 80,000. (b) Delivers services on credit, DKK 10,000. (c) Receives payment from customer for purchase on credit, DKK 8,000. (d) Receives electricity bill, DKK 1,200. What are the total liabilities?
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
8th Edition
1118484320, 978-1118484326
