Juliana D. starts business. She has purchased equipment $15.000, car $50.000 and inventories $25.000. Juliana owes...
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Juliana D. starts business. She has purchased equipment $15.000, car $50.000 and inventories $25.000. Juliana owes 25,500 cash. Her sister has lent her $14.000. Juliana after the above, has $13000 in the business bank account and $1000 cash in hand and $46.000 long term bank loan. Calculate Juliana's capital (owner's equity). Juliana D. starts business. She has purchased equipment $15.000, car $50.000 and inventories $25.000. Juliana owes 25,500 cash. Her sister has lent her $14.000. Juliana after the above, has $13000 in the business bank account and $1000 cash in hand and $46.000 long term bank loan. Calculate Juliana's capital (owner's equity).
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Answer rating: 100% (QA)
Considering the information in the image Julianas capital owners worth is 59500 Not se... View the full answer
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
Posted Date:
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