Accounts Payable $ 100 5,500 2,300 2,820 3,000 8,140 18,560 18,760 $ Accounts Receivable Bank Loan Cash Common Stock Inventory Long-term debt Machinery

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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1. The following accounts appeared on the partial Balance Sheet of Brandy Inc.:
Accounts Payable
Accounts Receivable
$
5,500
2,300
2,820
3,000
8,140
18,560
18,760
100
Bank Loan
Cash
Common Stock
Inventory
Long-term debt
Machinery
What is the total amount of all assets (rounded to the nearest dollar)?
Transcribed Image Text:1. The following accounts appeared on the partial Balance Sheet of Brandy Inc.: Accounts Payable Accounts Receivable $ 5,500 2,300 2,820 3,000 8,140 18,560 18,760 100 Bank Loan Cash Common Stock Inventory Long-term debt Machinery What is the total amount of all assets (rounded to the nearest dollar)?
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