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Greenville Company reported total assets of $30 million and total liabilities of $24 million at the end of 20X0. Requirements 1. Construct the balance sheet
Greenville Company reported total assets of $30 million and total liabilities of $24 million at the end of 20X0. Requirements 1. Construct the balance sheet equation for Greenville Company at the end of 20X0 and include the correct amount for owners' equity 2. Suppose that during January 20X1 Greenville borrowed $1 million from Constellation Bank. How would this affect Greenville's assets, liabilities, and owners equity? Requirement 1. Construct the balance sheet equation for Greenville Company at the end of 2020 and include the correct amount for owners' equity. Begin by selecting the labels of the balance sheet equation to solve for the owners' equity at the end of 200. You will need to rearrange the balance sheet equation to solve for the missing amount. Owners' Equity million million million
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