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the owner invested 245000, equipment worth 122500 was purchased in part by a 98000 bank loan, Supplies totalling 24500 were purchased with cash, Inventory of
the owner invested 245000, equipment worth 122500 was purchased in part by a 98000 bank loan, Supplies totalling 24500 were purchased with cash, Inventory of 73500 was purchased on credit, Rend for the following three months of 49000 was paid. What is the total asset after these transactions
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
