QUESTION 2 Sample Café had the following balance sheet on January 31st. Use this to answer questions 2-6. It is reproduced at the top of each of these questions for your convenience. Cash Asset Account Accounts Receivable Inventory Furniture & Equipment Accumulated Depreciation Deposit Total Assets Value $19,208 $1,200 $2,900 $6,500 $108 $2,500 $32,200 Liability/Equity Account Accounts Payable Long-Term Liabilities. Total Liabilities Paid-in Capital Retained Earnings Total Liabilities & Equity Answer How much do customers owe Sample Café? 1200 Value $600 $20,000 $20,600 $11,500 $100 $32,200

QUESTION 2 Sample Café had the following balance sheet on January 31st. Use this to answer questions 2-6. It is reproduced at the top of each of these questions for your convenience. Cash Asset Account Accounts Receivable Inventory Furniture & Equipment Accumulated Depreciation Deposit Total Assets Value $19,208 $1,200 $2,900 $6,500 $108 $2,500 $32,200 Liability/Equity Account Accounts Payable Long-Term Liabilities. Total Liabilities Paid-in Capital Retained Earnings Total Liabilities & Equity Answer How much do customers owe Sample Café? 1200 Value $600 $20,000 $20,600 $11,500 $100 $32,200

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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