Business, 24.09.2020 05:01 fathimasaynas2384
A company was formed with $61,100 cash contributed by its owners in exchange for common stock. The company borrowed $31,100 from a bank. The company purchased $11,100 of inventory and paid cash for it. The company also purchased $71,100 of equipment by paying $10,000 in cash and issuing a note for the remainder. What is the amount of the total assets to be reported on the balance sheet
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A company was formed with $61,100 cash contributed by its owners in exchange for common stock. The c...
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