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On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $10,050 Accounts Receivable, $8,542 Supplies, $1,876 Land, $24,744 Accounts Payable, $5,652. What is the amount of owner's equity (John Wong's capital) as of July

On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $10,050 Accounts Receivable, $8,542 Supplies, $1,876 Land, $24,744 Accounts Payable, $5,652. What is the amount of owner's equity (John Wong's capital) as of July

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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 EX.01.240.ALGO

On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $10,050 Accounts Receivable, $8,542 Supplies, $1,876 Land, $24,744 Accounts Payable, $5,652. What is the amount of owner's equity (John Wong's capital) as of July 1 of the current year?
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