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What is the bank loan amount? The hint says Check the accounting documents again. You should be able to see how much the new equipment
What is the bank loan amount? The hint says "Check the accounting documents again. You should be able to see how much the new equipment cost and whether it was purchased with cash or a loan. That will tell you how the loans should have changed after the transaction."
Accounting Report PURCHASE RECEIPT CHECKING ACCOUNT LEDGER Transaction Amount Balance 203420352036240100620202002010019480 \begin{tabular}{|lcc|} \hline Assets & 20 & 20 \\ \hline Cash: & 80 & 81 \\ \hline Equipment: & 100 & 101 \\ \hline Total Assets: & 30 & \\ \hline Liabilities & \\ \hline Bank loans: & \\ \hline Equity & 35 \\ \hline Earnings: & 35 \\ \hline Stock: & 100 \\ \hline Total Liabilities and Equity: \\ \hline \end{tabular} SUBMIT HINTStep by Step Solution
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