Question: Chapter 1 Problem 3PSA answer is incorrect in the Financial Accounting for Undergrads 3rd edition. The liability column in the excel picture does not include
Chapter 1 Problem 3PSA answer is incorrect in the Financial Accounting for Undergrads 3rd edition. The liability column in the excel picture does not include notes payable and the text says assets are $117,000 but the excel clearly shows the correct amount of assets as $117,900. I believe that answer should be RE = $37,200. Please fix this solution. Second incorrect solution I have found. Am I right that this is incorrect?
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