TB 01-61 A company's A company's balance sheet contained the following information: Contributed Capital Accounts Payable $12,000 Total Assets $64,000 $176,000 $28,000 Retained Earnings Assuming Notes Payable is the only other item on the balance sheet:

TB 01-61 A company's A company's balance sheet contained the following information: Contributed Capital Accounts Payable $12,000 Total Assets $64,000 $176,000 $28,000 Retained Earnings Assuming Notes Payable is the only other item on the balance sheet:

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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Question

TB 01-61 A company's
A company's balance sheet contained the following information:
Contributed Capital
Accounts Payable
$12,000 Total Assets
$64,000
$176,000
$28,000
Retained Earnings
Assuming Notes Payable is the only other item on the balance sheet:

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