Fords Catering began with cash of $8,000. Ford then bought supplies for $2,500 on account. Separately, Ford
Question:
Ford’s Catering began with cash of $8,000. Ford then bought supplies for $2,500 on account. Separately, Ford paid $7,200 for equipment. Answer these questions.
a. How much in total assets does Ford have?
b. How much in liabilities does Ford owe?
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a 10500 ...View the full answer
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Related Book For 
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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