Web Updated Example Problem - Chapter 1

Web Updated Example Problem - Chapter 1 - Example Problem...

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Liabilities & Stockholders' Equity Cash 5,000 Liabilities Inventory 10,000 Accounts payable 5,000 Building 50,000 Notes payable 27,000 Stockholders' Equity Total Assets 65,000 Capital (a) Total Liabilities & Stockholders' Equity (b) Revenues 80,000 Cost of Goods Sold (c) Administrative expenses 10,000 Net income
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Unformatted text preview: (d) Beginning Capital 10,000 Owner investments Net income (e) Owner withdrawals 5,000 Ending Capital 33,000 Statement of Owner's Equity Assets Balance Sheet Income Statement Example Problem Example Problem 28,000 28,000 42,000 33,000 65,000...
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