19) On 1 July 2014, Andrew decided to open up a sole proprietorship with the following items: Cash $5,000; stock $2,000; Delivery Van $20,000; Land and Buildings $150,000; Loan from TB Bank by the business $110,000. What was the amount of capital that Andrew was putting into the business?

19) On 1 July 2014, Andrew decided to open up a sole proprietorship with the following items: Cash $5,000; stock $2,000; Delivery Van $20,000; Land and Buildings $150,000; Loan from TB Bank by the business $110,000. What was the amount of capital that Andrew was putting into the business?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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