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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.
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? Ford has $ 10,500 in total assets. b. How much in liabilities does Ford owe? Ford owes $ in liabilities.
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Answer a Assets are the cash supplies BS and equipment fixed assets Total ...
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Financial Accounting
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
12th edition
134725980, 9780134726656 , 978-0134725987
