Tech Wave Innovations provides the following details for its assets and liabilities: Assets Value Accounts Receivable $5,000 Equipment $15,000 Prepaid Insurance $3,000 Supplies $1,500 Tools $1,200 Liabilities Value Accounts Payable $8,000 Bank Loan $4,500 What is Tech Wave Innovations' total equity?

Tech Wave Innovations provides the following details for its assets and liabilities: Assets Value Accounts Receivable $5,000 Equipment $15,000 Prepaid Insurance $3,000 Supplies $1,500 Tools $1,200 Liabilities Value Accounts Payable $8,000 Bank Loan $4,500 What is Tech Wave Innovations' total equity?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...

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