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What is the balaance in total assets? Answer_________________ What is the balance in Liabilities? Answer __________________ What is the balance in stockholders equity? Answer_ _________________
- What is the balaance in total assets?
Answer_________________
- What is the balance in Liabilities?
Answer__________________
- What is the balance in stockholders equity?
Answer__________________
Question 1 Refrigerator Inc. set up business on January 1, 2012 Investors bought common stock: 200 shares at $75 per share. A bank loaned Refrigerator Inc. $30,000. Refrigerator bought 10 deluxe refrigerators for $15,000 ($1,500 each). Refrigerator Inc. has offered a 6% sales commission to any student able to sell a refrigerator. On January 2, 2012, Marcella, a part time student, sold three refrigerators for a total of $7,500 ($2,500 for each refrigerator sold). These were the only transactions for the month of January. Record these transactions below and then set up the financial statements on the accompanying pageStep by Step Solution
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