Question: Refer to the data in PE 2-1. Compute total owners equity. Data from PE 2-1 Wages payable . Accounts receivable Retained earnings $ 900 3,000

Refer to the data in PE 2-1. Compute total owners’ equity.

Data from PE 2-1

Wages payable . Accounts receivable Retained earnings $ 900 3,000 5,400 4,500 Equipment ... Accounts payable Capital sto

Wages payable . Accounts receivable Retained earnings $ 900 3,000 5,400 4,500 Equipment ... Accounts payable Capital stock. Cash .... Loan payable $15,000 2,800 Inventory 1,400 13,000

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