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Scenario 6 L'Avenir de Foot LLC conducts in-residence training for youth soccer players. As of the start of the current month, April. the LLC's balance sheet was as follows: Assets Cash $12,000 Accounts Receivable $18,000 Property $31.000 Liabilities Accounts Payable $14,000 Business Loan Payable $6,000 Owner's Equity $41,000 Question 4 Pays $13,000 of accounts payable from last month. accounts will be reduced by Both the accounts payable and cash $13000 (Hint: Make sure you spell the account names correctly. Spelling counts.)

Scenario 6 L'Avenir de Foot LLC conducts in-residence training for youth soccer players. As of the start of the current month, April. the LLC's balance sheet was as follows: Assets Cash $12,000 Accounts Receivable $18,000 Property $31.000 Liabilities Accounts Payable $14,000 Business Loan Payable $6,000 Owner's Equity $41,000 Question 4 Pays $13,000 of accounts payable from last month. accounts will be reduced by Both the accounts payable and cash $13000 (Hint: Make sure you spell the account names correctly. Spelling counts.)

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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Scenario 6 L'Avenir de Foot LLC conducts in-residence training for youth soccer players. As of the start of the current month, April. the LLC's balance sheet was as follows: Assets Cash $12,000 Accounts Receivable $18,000 Property $31.000 Liabilities Accounts Payable $14,000 Business Loan Payable $6,000 Owner's Equity $41,000 Question 4 Pays $13,000 of accounts payable from last month. and cash accounts will be reduced by Both the accounts payable $13000 (Hint: Make sure you spell the account names correctly. Spelling counts.)
Transcribed Image Text:Scenario 6 L'Avenir de Foot LLC conducts in-residence training for youth soccer players. As of the start of the current month, April. the LLC's balance sheet was as follows: Assets Cash $12,000 Accounts Receivable $18,000 Property $31.000 Liabilities Accounts Payable $14,000 Business Loan Payable $6,000 Owner's Equity $41,000 Question 4 Pays $13,000 of accounts payable from last month. and cash accounts will be reduced by Both the accounts payable $13000 (Hint: Make sure you spell the account names correctly. Spelling counts.)
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