Using the following accounts Cash - 15,000; Loans Payable - 77,500; Accounts Receivable - 52,000; Owner's equity - 98,000; Accounts Payable - 22,400; Building - 113,000, how much is the total Assets and total Liabilities and Owner's Equity?
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Using the following accounts Cash - 15,000; Loans Payable - 77,500; Accounts Receivable - 52,000; Owner's equity - 98,000; Accounts Payable - 22,400; Building - 113,000, how much is the total Assets and total Liabilities and Owner's Equity?
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- The following information is taken from Gandalf, Pty, Ltd. book: Accounts Payable $600 Accounts Receivable $5,200 Cash $27,000 Loan Payable in 6 months $4,400 Revenue received in advance $12,000 Bank Loan – Mortgage $30,000 Accumulated depreciation $7,800 Inventory $10,200 Buildings $17,600 Supplies $1,600 What is the most likely amount for the company's net assets? Select one: a. $41,600. b. $6,800. c. $14,600. d. $26,600. e. $18,800.Prepare a Statement of Financial Position using the following accounts (one in report form and one in account form): • Cash - 5,000 Loans Payable 77,500 • Accounts Receivable – 2,600 • Supplies – 2,300 • Equipment – 17,000 Owner's equity - 40,000 Accounts Payable – 22,400 • Building – 113,000 Note: Use any business name and the end of the current year for the headingErnie's home repair had beginning long term debt of $51,207 and ending long term debt of $36,714. The beginning and ending total debt balances were $59,513 and $42,612 respectively. The interest paid was $2,808. What is the amount of cash flow to creditors?
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