The following accounts and sums of accounts in the computerized accounting system of Zinn Supplies show some

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The following accounts and sums of accounts in the computerized accounting system of Zinn Supplies show some of the company's adjusted balances before closing:
Total assets.............................................................. ?
Current assets........................................................ $16,800
Long-term assets ................................................... 40,200
Total liabilities........................................................ ?
Sam Zinn, Capital..................................................$40,800
Sam Zinn, Withdrawals ........................................ 15,000
Total revenues........................................................ 54,000
Total expenses........................................................ 33,000
Compute the missing amounts. You must also compute ending owner's equity.
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Horngrens Accounting

ISBN: 978-0133855371

10th Canadian edition Volume 1

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

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