At the end of the first month of operations for SloMo Delivery Service, the business had the
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Question:
At the end of the first month of operations for SloMo Delivery Service, the business had the following accounts:
Accounts Receivable, $12,250:
Prepaid Insurance, $430;
Equipment, $28,000
Cash, $22,500.
On the same date, SloMo owned the following creditors:
Simpson Supply Company, $18,000;
Allen Office Equipment, $16,300.
Calculate the total assets for the SloMo Delivery Service
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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