On May 22, 2020, Jourdan Services Corporation had the following accounts and balances: Accounts payable Accounts...
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On May 22, 2020, Jourdan Services Corporation had the following accounts and balances: Accounts payable Accounts receivable Buildings Cash $12.000 Equipment 2,000 Land 28,000 Salaries payable 6,000 Total owners' equity $14,000 14,000 4,000 On May 23, 2020, Jourdan paid $2,000 cash to pay off a portion of its Accounts Payable. On May 24, 2020, what was the amount of Jourdan's total owners' equity? $52.000 $46.000 $48.000 $50,000 None of the listed choices are correct On May 22, 2020, Jourdan Services Corporation had the following accounts and balances: Accounts payable Accounts receivable Buildings Cash $12.000 Equipment 2,000 Land 28,000 Salaries payable 6,000 Total owners' equity $14,000 14,000 4,000 On May 23, 2020, Jourdan paid $2,000 cash to pay off a portion of its Accounts Payable. On May 24, 2020, what was the amount of Jourdan's total owners' equity? $52.000 $46.000 $48.000 $50,000 None of the listed choices are correct
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Solution Total owners equity 48000 Explanation Totalowners eq... View the full answer
Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1337491471
10th edition
Authors: Gary A. Porter, Curtis L. Norton
Posted Date:
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