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Last year Alice founded the Wonderland Tea Co. She began by acquiring a small building to serve as an office. shop. and cafe. The building
Last year Alice founded the Wonderland Tea Co. She began by acquiring a small building to serve as an office. shop. and cafe. The building was valued at $210,000 when Alice purchased it. borrowing $160,000 from an investor in order to do so. Alice then bought $700 worth of tea. $1300 worth of water heaters. $500 worth of tea cups, and $1-200 worth of office supplies using her own money. Alice also placed $5,000 of her own money into a business bank account. Alice currently owes $245 for teapots that just armed from Mad Hatter Tea Party Supply, and she owes Red Rose Painters $750 for decorating work. Label each item below as an asset or liability, then calculate the owner's equity. building ($210,000) tea and cups ($1, 200) bank account ($5,000) office supplies ($1, 200) borrowed funds ($160.000) unpaid work ($750) Owner's Equity = Jasmine finances updates to her training facility for Rajah the tiger by acquiring a $27300 loan at a rate of 3.75% over prime from lago Bank Of Agrabah for a 15 year term. What is the maturity value of the loan if the prime rate is 3.25%
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