Question
On January 5, 2018, the company collected $145,000 of its accounts receivable, paid $130,000 on its accounts payable, and paid $10,000 on its note payable.
On January 5, 2018, the company collected $145,000 of its accounts receivable, paid $130,000 on its accounts payable, and paid $10,000 on its note payable.
What is the total amount of assets at the end of the day on January 5, 2018?
What is the total amount of liabilities at the end of the day on January 5, 2018?
What is the total amount of owners' equity at the end of the day on January 5, 2018?
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The Process Auditing Techniques Guide
Authors: J. P. Russell
1st Edition
0873895959, 978-0873895958
