Question

Prepare a statement of financial position using the following accounts. You can use any business name and the end of the current year for the heading.
Cash- 5000
Loans payable- 77500
Accounts receivable- 2600
Supplies- 2300
Equipment- 17000
Owner's equity- 40000
Accounts payable-22400
Building- 113000

Answer 1

Explanation:

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