Question
On May 22, 2020, Jourdan Services Corporation had the following accounts and balances: Accounts payable Accounts receivable Buildings Cash $12.000 Equipment 2,000 Land 28,000
On May 22, 2020, Jourdan Services Corporation had the following accounts and balances: Accounts payable Accounts receivable Buildings Cash $12.000 Equipment 2,000 Land 28,000 Salaries payable 6,000 Total owners' equity $14,000 14,000 4,000 On May 23, 2020, Jourdan paid $2,000 cash to pay off a portion of its Accounts Payable. On May 24, 2020, what was the amount of Jourdan's total owners' equity? $52.000 $46.000 $48.000 $50,000 None of the listed choices are correct
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
10th edition
978-1337276337, 1337276332, 978-1337517546, 1337517542, 978-1337491471
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