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Ford's Catering began with cash of $8,000. Ford then bought supplies for $2,500 on account. Separately, Ford paid $7,200 for equipment. Answer these questions. a.

Ford's Catering began with cash of $8,000. Ford then bought supplies for $2,500 on account. Separately, Ford paid $7,200 for equipment. Answer these questions. a. How much in total assets does Ford have? b. How much in liabilities does Ford owe? a. How much in total assets does Ford have? 10,500 in total assets. Ford has b. How much in liabilities does Ford owe? in liabilities Ford owes $

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