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Use the following to answer questions 18 - 20: The following accounts and balances were drawn from the partnership records of Thelma & Louise, LLP
Use the following to answer questions 18 - 20: The following accounts and balances were drawn from the partnership records of Thelma & Louise, LLP on Dec. 31, 2017: Cash $1,300 Accounts Receivable $850 Dividends 500 Common Stock . 2,000 Equipment 1,700 Revenue 1,525 Accounts Payable 450 Expense 900 TOTAL ASSETS ON THE END OF THE YEAR BALANCE SHEET WOULD BE: O $3,850 O $3,450 O $3,950 O $2,850
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