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-> XCOB 2 pts Question Computation of assets, liabilities, and owners equity after a series of transactions The December 31, 2017 balance sheet of Charles

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-> XCOB 2 pts Question Computation of assets, liabilities, and owners equity after a series of transactions The December 31, 2017 balance sheet of Charles Reality reported total assets of $900.000 total e s of $350.000 and owner'equilty of $550.000. The following transactions occurred in January of 2018: (1) The business purchased land for $250,000, paying $100,000 cash and issuing a note payable for the balance (2) The business collected accounts receivable totaling $45.000 (3) The business sold and costing $50,000 for $60,000 cash 14) The business paid $50,000 of the note payable Compute the following at January 31, 2018 (A) Total assets (B) Total abilities $ (C) Owners' equitys

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