Using the following data for Sentinel Travel Service as well as the statement of owner's equity shown
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Accounts payable ............................... $ 44,600s
Accounts receivable ............................... 75,500
Cash ................................................. 45,400
Land ................................................ 310,000
Supplies .............................................. 4,700
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Accounting
ISBN: 978-1133607601
25th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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