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The following entry appears in Galloway Paints general journal on April 23, 2018: Inventory 26,200 Accounts Payable 20,100 Cash 6,100 Before the journal entry above,
The following entry appears in Galloway Paints general journal on April 23, 2018: Inventory 26,200 Accounts Payable 20,100 Cash 6,100 Before the journal entry above, Galloway had assets of $452,000; liabilities of $231,000; and owners' equity of $221,000. Total assets immediately after the above transaction has been recorded amount to:
Multiple Choice $478,200. $431,900. $472,100. $452,000.
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