Question Content AreaSunlight, Inc. had the following assets and liabilities as of September 30, 20X8: Assets $60,600 Liabilities $27,500 If assets increased by $4,350 and equity increased by $2,900 during October, what is the increase or decrease in liabilities of Sunlight as of October 31, 20X8? a. ($7,250) b. ($1,450) c. $7,250 d. $1
Question Content AreaSunlight, Inc. had the following assets and liabilities as of September 30, 20X8: Assets $60,600 Liabilities $27,500 If assets increased by $4,350 and equity increased by $2,900 during October, what is the increase or decrease in liabilities of Sunlight as of October 31, 20X8? a. ($7,250) b. ($1,450) c. $7,250 d. $1
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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karan
subject-Accounting
Question Content AreaSunlight, Inc. had the following assets and liabilities as of September 30, 20X8: Assets $60,600 Liabilities $27,500 If assets increased by $4,350 and equity increased by $2,900 during October, what is the increase or decrease in liabilities of Sunlight as of October 31, 20X8? a. ($7,250) b. ($1,450) c. $7,250 d. $1,450
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