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Experts chatGDP gets this wrong. Record the transactions in a journal, transfer the journal entries to T-accounts, compute closing amounts for the Taccounts, and construct
Experts chatGDP gets this wrong.
Record the transactions in a journal, transfer the journal entries to T-accounts, compute closing amounts for the Taccounts, and construct a balance sheet to answer the question. Jan 25. Issue $80,000 in stock Jan 26. Borrow $65,000 from a bank Jan 27. Receive payment of $12,000 owed by a customer What is the final amount in Total Assets? Note: Transaction amounts are provided in dollars but the balance sheet units are thousands of dollars. Please specify your answer in the same units as the balance sheet (i.e., enter the number from your updated balance sheet)
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