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Question 17 points) Baltimore Company's complete assets and liabilities are Accounts Receivable $800. Equipment $10,000, Accounts Payable $4,500, Prepaid Rent $2,000, Supplies $400, Bank Loan

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Question 17 points) Baltimore Company's complete assets and liabilities are Accounts Receivable $800. Equipment $10,000, Accounts Payable $4,500, Prepaid Rent $2,000, Supplies $400, Bank Loan (Notes Payable) $3,550, 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 $2,550, Equipment $10,600, Accounts Payable $7,500, Prepaid Rent $1,800, Supplies $775, Bank Loan (Notes Payable) $2,850, and Tools $635. Baltimore's total equity is: (All account balances are normal.) Your Answer: Answer Question 3 (7 points) Baltimore Company experienced a total increase in stockholders' equity of $20,000 during the current year. Stockholders' equity was increased by additional issuances of $48,000 capital stock during the year. No dividends were paid. Expenses incurred during the year were $106,000. How much was Baltimore's revenue for the year? Your Answer: em oo

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