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Question 2. Samsons Enterprise has the followingaccount balances for the datesgiven: March 1, 2023 March 31, 2023 Cash $ 60,000 90,000 Accounts Receivable 60,000 58,000
Question 2.
Samsons Enterprise has the followingaccount balances for the datesgiven:
March 1, 2023 | March 31, 2023 | |
Cash | $ 60,000 | 90,000 |
Accounts Receivable | 60,000 | 58,000 |
Accounts Payable | 15,000 | ? |
Also, its net incomefor March 1, 2023, throughMarch 31, 2023, was $30,000,and there were no investments or withdrawals by the owner.Determine the equity at both March 1, 2023, and March 31, 2023, and the liabilityat March 31, 2023
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