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vodomira [7]
3 years ago
5

Fill in the missing amounts in the balance sheet after the following transactions. You start with $2,500 in cash and in owner's

equity.
a. You purchase testing equipment for $815.
b. You purchace product for $500 and then sell it for $1750.00.
c. You receive next month's utility bill for $185.00.
d. You pay the rent by check for $300.

Business
1 answer:
alina1380 [7]3 years ago
8 0

Total assets: $3,450

Total liabilities and equity: $3,450

Explanation:

Cash: $2635

Equipment: $815

Total assets: $3,450

Accounts Payable: $185

Owner's Equity: $3,450 - $185 = $3,265

Total liabilities and equity: $3,450

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