2.8Hese come The clounms! is theneme of a tranding circusOwmed by Red costéllo. Theledger accounts of the businessat jume 0, 2001 ae listed herein alphabetical onder* preparing a balance cheet Effec to* a charge in AcsetsAccounts payable $ 26,100Notes4 180,000PayableNotesleceivables 9500PLOPS &189,060 eqquipment 89580Accounts Receivalde7,450Animalscages24,630 Bed costello 337,230,captalcashCalarlesPoogajle31, S00 Tent9750cosbemes63000wagons La840Subject:.

As per the balance sheet equation, the sum of assets is the sum of liabilities and owner's equity.…

2.8 Here come The clowns! is the neme of a travding circus Owmed by ledger accounts of the business at jume 30, 2001 are listed here in alphabetical order * preparing a balance cheet Efferts t a charge in Acsets Red costello. The Accounbs payable 26, doo Notes 4 180,000 Payable Nates Accounits Receivalde 7,450 leceivables9500 Animals 189,060 89580 Eqquipment 24,630 Red costello 337,230 captal cages cash Calaries Pogajle 31, 500 Tent 9750 cosbemes 63000 wagons La5840

2.8 Here come The clowns! is the neme of a travding circus Owmed by ledger accounts of the business at jume 30, 2001 are listed here in alphabetical order * preparing a balance cheet Efferts t a charge in Acsets Red costello. The Accounbs payable 26, doo Notes 4 180,000 Payable Nates Accounits Receivalde 7,450 leceivables9500 Animals 189,060 89580 Eqquipment 24,630 Red costello 337,230 captal cages cash Calaries Pogajle 31, 500 Tent 9750 cosbemes 63000 wagons La5840

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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