Question: Exercise 2. Applying Basic Accounting Equation Dan and Den, Inc. reports the following assets and liabilities. Compute the totals that would appear in the corporation's

Exercise 2. Applying Basic Accounting Equation Dan and Den, Inc. reports

Exercise 2. Applying Basic Accounting Equation Dan and Den, Inc. reports the following assets and liabilities. Compute the totals that would appear in the corporation's basic accounting equation (Assets Liabilities + Stockholders Equity (Capital Stock)) Cash. $37,000 Accounts Payable 15,000 Supplies.. ..1, 800 Loan Payable.. 9,000 Inventory... ....12,000

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