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Business
Accounting
Accounts payable Accounts receivable Buildings Cash ? Equipment 35,000 Land $15,000 $25,000 $30,000 $50,000 215,000 Unearned service revenue 15,000 Total stockholders' equity What would be the balance of Accounts Payable? $125,00 15,00 10,00 365,00

Accounts payable Accounts receivable Buildings Cash ? Equipment 35,000 Land $15,000 $25,000 $30,000 $50,000 215,000 Unearned service revenue 15,000 Total stockholders' equity What would be the balance of Accounts Payable? $125,00 15,00 10,00 365,00

FINANCIAL ACCOUNTING
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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Hilltop Corporation had the following accounts and balances: Accounts payable Accounts receivable Buildings Cash ? Equipment 35,000 Land 215,000 Unearned service revenue 15,000 Total stockholders' equity What would be the balance of Accounts Payable? $15,000 $25,000 $30,000 $50,000 $125,000 15,000 10,000 365,000
Transcribed Image Text:Hilltop Corporation had the following accounts and balances: Accounts payable Accounts receivable Buildings Cash ? Equipment 35,000 Land 215,000 Unearned service revenue 15,000 Total stockholders' equity What would be the balance of Accounts Payable? $15,000 $25,000 $30,000 $50,000 $125,000 15,000 10,000 365,000
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