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***urgent post**** Please solve this one as soon as possible !! Decision Making Across the Organization BYP4-5 Whitegloves Janitorial Service was started 2 years ago
***urgent post**** Please solve this one as soon as possible !!
Decision Making Across the Organization BYP4-5 Whitegloves Janitorial Service was started 2 years ago by Lynn Sanders. Because business has been exceptionally good, Lynn decided on July 1, 2014, to expand operations by acquiring an additional truck and hiring two more assistants. To finance the July 1, 2014, a $25,000 10% bank loan, payable $10,000 on July 1, 2015, and the balance on Jul 1 2016. The terms of the loan require the borrower to have $10,000 more current ass AN expansion, Lynn obtained on not met, the bank loan will be refinanced at15 t. At December 31, 2014, the accountant for Whitegloves Janitorial Service Inc. prepared the balance sheet shown below
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Please solve this one as soon as possible !!
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