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Just before Henderson Laboratories opened for business, Eugene Henderson, the owner, had the following assets and liabilities. Cash Laboratory equipment Laboratory supplies Loan payable $
Just before Henderson Laboratories opened for business, Eugene Henderson, the owner, had the following assets and liabilities. Cash Laboratory equipment Laboratory supplies Loan payable $ 39,700 74,800 6,000 14,300 9,675 Accounts payable Determine the totals that would appear in the firm's fundamental accounting equation (Assets Liabilities + Owner's Equity). Assets Liabilities Owner's equity
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