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Problem 9 An analysis of a business's financial information shows that the business's debts total $307,000 and that the owner's equity in the business is
Problem 9 An analysis of a business's financial information shows that the business's debts total $307,000 and that the owner's equity in the business is $182,000. From this information, determine the total assets of this company Problem 10 Curfew Inn is a proprietorship owned by Susan Plies. For the vear ended December 20X2, the net income of the lodging operation was $38,500. During that year, Susan in $20,000 and withdrew $27,000. The financial records show that the bookkeeping ac called Capital, Susan Plies had a balance of $12,750 on December 31, 20X1. Prepare a statement of owner's equity for the year ended December 31, 20X2 ar, Susan invested keeping account
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