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Question 1 (7 points) Baltimore Company's complete assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,950, Prepaid Rent $2,000, Supplies $400, Bank

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Question 1 (7 points) Baltimore Company's complete assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,950, Prepaid Rent $2,000, Supplies $400, Bank Loan $2,700, and Tools $300. Baltimore's total liabilities are: (All account balances are normal.) Your Answer: Answer Question 2 (7 points) Baltimore Company's complete assets and liabilities are Accounts Receivable $3,450, Equipment $8,000, Accounts Payable $6,900, Prepaid Rent $2,350, Supplies $725, Bank Loan $3,700, and Tools $535. Baltimore's total equity is: (All account balances are normal.) Your Answer: Answer w

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