Using the following data for Sentinel Travel Service as well as the statement of owner's equity shown
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Accounts payable...............................$ 44,600
Accounts receivable..............................75,500
Cash................................................45,400
Land..............................................310,000
Supplies.............................................4,700
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For
Financial Accounting
ISBN: 978-1305088436
14th edition
Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac
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