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Just before Johnson Laboratories opened for business, Howard Johnson, the owner, had the following assets and liabilities. Cash Laboratory Equipment Laboratory Supplies Loan Payable Accounts
Just before Johnson Laboratories opened for business, Howard Johnson, the owner, had the following assets and liabilities. Cash Laboratory Equipment Laboratory Supplies Loan Payable Accounts Payable $ 49,500 72.500 10, 15,200 11,375 Determine the totals that would appear in the firm's fundamental accounting equation Assets Liabilities
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