Question
The following assets are shown on the Company's balance sheet: cash = $20,000; accounts receivable = $15,000; supplies = $2,675; equipment = $89,057; accumulated depreciation
The following assets are shown on the Company's balance sheet: cash = $20,000; accounts receivable = $15,000; supplies = $2,675; equipment = $89,057; accumulated depreciation - equipment = $36,800. If equity equals $82,000, what do liabilities equal?
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Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
