The assets and liabilities of Matt Wesley Auto Shop are as follows: Cash, $10,000; Accounts receivable,...

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The assets and liabilities of Matt Wesley Auto Shop are as follows: Cash, $10,000; Accounts receivable, $8,200; Supplies, $1,050; Land, $25,000; Accounts payable, $6,530. What is the amount of owner's equity? Your answer: $37,720 $21,500 $44,430 O $50,780 The assets and liabilities of Matt Wesley Auto Shop are as follows: Cash, $10,000; Accounts receivable, $8,200; Supplies, $1,050; Land, $25,000; Accounts payable, $6,530. What is the amount of owner's equity? Your answer: $37,720 $21,500 $44,430 O $50,780

Answer rating: 100% (QA)

The correct option is 3772o Workings Computation of t... View the full answer