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Akimi4 [234]
3 years ago
11

1. Investment in the business= $17,010

Business
1 answer:
Mashcka [7]3 years ago
3 0

Answer & Explanation:

                               Assets         =         Capital        +         Liabilities

1) Investment         Cash (+17...)            (+17160)

2) Borrowings       Cash (+7...)                                            Loan (+7...)

3) Purchase          Cash (-price paid)     + Gain

                            Equip (+final price)      (final - price paid)

4) Revenue          Cash (+298...)                Income (+298...)  

5) Expense           Cash (-210...)                 Expense (-210...)

3)* Price paid = 8700 or 8600 , Final price = 8300 or 7940 , Gain (Discount received) = 8700 - 8300 ie 400 (or) 8600 - 7940 = 660

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