Vaughn's assets on December 31, 2020 are $200200. O $302000. O$170600. O $259100.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Vaughn's assets on December 31,2020 are ?
![Vaughn Company compiled the following financial information as of December 31, 2020:
Revenues
$330000
Owner's Capital
(1/1/20)
60400
Equipment
79100
Expenses
248400
Cash
89000
Owner's Drawings
20200
Supplies
20200
Accounts payable
41000
Accounts receivable
70800
Vaughn's assets on December 31, 2020 are
$200200.
$302000.
$170600.
$259100.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa180a1db-093c-4cf7-8336-8bcf22ffea06%2F430b5bbb-57c0-4a34-92b6-6d5000cc6c77%2Focoh9m5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Vaughn Company compiled the following financial information as of December 31, 2020:
Revenues
$330000
Owner's Capital
(1/1/20)
60400
Equipment
79100
Expenses
248400
Cash
89000
Owner's Drawings
20200
Supplies
20200
Accounts payable
41000
Accounts receivable
70800
Vaughn's assets on December 31, 2020 are
$200200.
$302000.
$170600.
$259100.
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