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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
Publisher: South-Western College Pub
ISBN: 9781337280570
BuyFind

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
Publisher: South-Western College Pub
ISBN: 9781337280570

Solutions

Chapter
Section
Chapter 1, Problem 2E
Textbook Problem

Determine the following amounts:

  1. a. The amount of the liabilities of a business that has $60,800 in assets and in which the owner has $34,500 equity.
  2. b. The equity of the owner of a tour bus that cost $57,000 and on which is owed $21,800 on an installment loan payable to the bank.
  3. c. The amount of the assets of a business that has $11,780 in liabilities and in which the owner has $28,500 equity.

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Chapter 1 Solutions

College Accounting (Book Only): A Career Approach
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