Four of my friends each have a business. I purchase their businesses from them. Three of my friends each owed debts of $150, and the fourth did not owe any debts and had $500 available. How much money do I have to work with once I put all four accounts together? pls show work

Four of my friends each have a business. I purchase their businesses from them. Three of my friends each owed debts of $150, and the fourth did not owe any debts and had $500 available. How much money do I have to work with once I put all four accounts together? pls show work

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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Question

Four of my friends each have a business. I purchase their businesses from them. Three of my friends
each owed debts of $150, and the fourth did not owe any debts and had $500 available. How much
money do I have to work with once I put all four accounts together?

pls show work

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