Question: 4) If Mr. Allen had included a $6,000 note payable (written liability), in problem 2, what would then have been his Owners equity? 4) If
4) If Mr. Allen had included a $6,000 note payable (written liability), in problem 2, what would then have been his Owners equity?
4) If Mr. Allen had included a $6,000 note payable (written liability), in problem 2, what would then have been his Owners equity?
Assets Liabilities Owners equity
a) $24,000 $19,000 X
b) $16,500 X $12,300
c) X $2,700 $14,000
d) $15,665 $9,406 X
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