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make the necessary corrections, so that Assets = Liabilities + Owner's Equity. ABC Discount Furniture Assets Cash Accounts Receivable Accounts Payable Allowance for Doubful Accounts

make the necessary corrections, so that Assets = Liabilities + Owner's Equity.image text in transcribed

ABC Discount Furniture Assets Cash Accounts Receivable Accounts Payable Allowance for Doubful Accounts Inventory Prepaid Insurance Office Equipment Balance Sheet Liabilities 17,324 Small Business Loan 9,175 Trucks 3,800 Current Notes Payable -175 Total Liabilities 2,300 Owner's Equity 1,000 Rob Smith, Capital 13,292 Bob Jones, Capital Owner's Equity 46,716 Total Liabilities and Owner's Equity 24,906 22,922 4,732 27,654 24,900 7,500 32,400 60,054 Total Assets

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