Mira Gordon assets and liabilities are listed below in random order: Bank balance $856.25; Bank Loan $5 000; House and lot; $185 000.00; Cash on hand $ 85.35, Amount owed to Esso oil $ 135.60, Amount owed to Ontario hydro $85.50, miscellaneous equipment $1 850.00 mortgage on house and lot $90 000.00, Household furniture and furnishings $4 800.00; Amount loaned oto Mira Gordon $ 2 000.00 A. List the assets in one column and total them. B. List the liabilities in another column and total them. Calculate Mira Gordon's equity. C.
Mira Gordon assets and liabilities are listed below in random order: Bank balance $856.25; Bank Loan $5 000; House and lot; $185 000.00; Cash on hand $ 85.35, Amount owed to Esso oil $ 135.60, Amount owed to Ontario hydro $85.50, miscellaneous equipment $1 850.00 mortgage on house and lot $90 000.00, Household furniture and furnishings $4 800.00; Amount loaned oto Mira Gordon $ 2 000.00 A. List the assets in one column and total them. B. List the liabilities in another column and total them. Calculate Mira Gordon's equity. C.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts
Section: Chapter Questions
Problem 2E: Determine the following amounts: a. The amount of the liabilities of a business that has 60,800 in...
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