Homework Answers
Equipment missing amount = Opening balance + Debit - Ending balance
650 + 370 - 230 = 790
Notes receivable missing amount = Opening + Debit - Ending balance= Total debits
= 100 + Debit - 355 = 200
Debit = 455
Notes payable missing amount = Opening balance + Credit amount - Ending balance
= 250 + 300 - 60
= 490
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Purchased $8,000 of equipment, paying $1,000 in cash and owing
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Loaned $600 to an employee who signed a note.
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