Homework Answers
Answer
--Transaction #1: Amount included as 'ASSET' = Cash $ 58,000 + Inventory $ 29,000 = $ 87,000
--Transaction #2: Amount included as 'ASSET' = Accounts receivables $ 20,000
TOTAL ASSETS = 87000 + 20000 = $ 107,000
Correct Answer = Option 'A' $ 107,000
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need help The following transactions were completed by the company. a. The owner invested $16,600 cash...
need help
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need help
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