Maple Tech Inc.'s complete assets and liabilities are: • • • • • • Accounts Receivable: $5,100 Equipment: $14,200 Accounts Payable: $7,600 Prepaid Rent: $2,400 Supplies: $1,100 Bank Loan: $6,300 Furniture: $1,600 Maple Tech's total equity is ?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...
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Financial Accounting

Maple Tech Inc.'s complete assets and liabilities are:
•
•
•
•
•
•
Accounts Receivable: $5,100
Equipment: $14,200
Accounts Payable: $7,600
Prepaid Rent: $2,400
Supplies: $1,100
Bank Loan: $6,300
Furniture: $1,600
Maple Tech's total equity is
?
Transcribed Image Text:Maple Tech Inc.'s complete assets and liabilities are: • • • • • • Accounts Receivable: $5,100 Equipment: $14,200 Accounts Payable: $7,600 Prepaid Rent: $2,400 Supplies: $1,100 Bank Loan: $6,300 Furniture: $1,600 Maple Tech's total equity is ?
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