The total assets of the Company are $81000 and its owner's equity is $61000. What is...

 

  

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The total assets of the Company are $81000 and its owner's equity is $61000. What is the amount of its total liabilities? At the beginning of the year, Alfa Company had total assets of $518100 and total liabilities of $266200. If total assets decreased $6800 and owner's equity increased $6500 during the year, what is the amount of total liabilities at the end of the year? Mr. Jony opened a new business called Laundry Ltd for laundry services on January 1, 2022. The company prepares monthly financial statements. During the first month of operations, the following transactions occurred: January 3 Purchased equipment for $55000, paying $45000 in cash and signing a 10000, 4-month, 10% note payable. Account to be debited is Amount is $ Account to be credited is (the one with the higher value) Amount is $ Account to be credited is (the one with the lower value) Amount is $ January 10 Received a bill of $2000 from Daily Bangladesh for advertising of the opening of the new business. Account to be debited is Amount is $ Account to be credited is Amount is $ January 25 Received $1150 cash for laundry services provided in January 2022. Account to be debited is Amount is $ Account to be credited is Amount is $ January 27 Paid $1100 out of the balance due to Daily Bangladesh. Account to be debited is Amount is $ Account to be credited is Amount is $ The total assets of the Company are $81000 and its owner's equity is $61000. What is the amount of its total liabilities? At the beginning of the year, Alfa Company had total assets of $518100 and total liabilities of $266200. If total assets decreased $6800 and owner's equity increased $6500 during the year, what is the amount of total liabilities at the end of the year? Mr. Jony opened a new business called Laundry Ltd for laundry services on January 1, 2022. The company prepares monthly financial statements. During the first month of operations, the following transactions occurred: January 3 Purchased equipment for $55000, paying $45000 in cash and signing a 10000, 4-month, 10% note payable. Account to be debited is Amount is $ Account to be credited is (the one with the higher value) Amount is $ Account to be credited is (the one with the lower value) Amount is $ January 10 Received a bill of $2000 from Daily Bangladesh for advertising of the opening of the new business. Account to be debited is Amount is $ Account to be credited is Amount is $ January 25 Received $1150 cash for laundry services provided in January 2022. Account to be debited is Amount is $ Account to be credited is Amount is $ January 27 Paid $1100 out of the balance due to Daily Bangladesh. Account to be debited is Amount is $ Account to be credited is Amount is $

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A total liabilities total assets owners equity 81000 61000 20000 B step 1 calculate owners equity a... View the full answer