You have compiled the following balance sheet information:Accounts receivable - $58,300; Accounts payable - $61,200;Long term debt-$164,500;Cash
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You have compiled the following balance sheet information:Accounts receivable - $58,300; Accounts payable - $61,200;Long term debt-$164,500;Cash - $46,900;Inventory - $75,800;Short term notes payable-$30,000;Net fixed assets - $461,000.All balance sheet accounts are positive #s.The only missing account is Owners equity.
How much is Owners equity?
Related Book For
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
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