Question
Refer to the following trial balance thats above A. $170,000 B. 291.000 C. 82,000 d. 165,000 this is a Mutiple choice question and there is
Refer to the following trial balance thats above
A. $170,000
B. 291.000
C. 82,000
d. 165,000
this is a Mutiple choice question and there is a formla that is use with the data provided to come up with the answer A,B,C, or D
This is the whole problem and no other infomation given!
Please show all work:
Debit | Cash | ||
| Cash | 7000 | ||
| Accounts Receivable | 15,000 | ||
| Inventory | 19,000 | ||
| Supplies | 7000 | ||
| Land | 100,000 | ||
| Accounts Payable | 5000 | ||
| Notes payable | 24,000 | ||
| Common stock | 78,000 | ||
| Retained earning | 14,000 |
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
ANS WER Total assets Total liabilities Share holders equity 170 000 82 000 8...
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
