Answered: Young Software began with cash of… | bartleby

Century 21 Accounting General Journal

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter3: Journalizing Transactions

Section: Chapter Questions

Problem 1ANFS

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Young Software began with cash of $12,500. Young then bought supplies for $1,500 on account. Separately, Young paid $3,000 for a computer. Answer these questions.
a. How much in total assets does Young have?
b. How much in liabilities does Young owe?
a. How much in total assets does Young have?
Young has $ ☐ in total assets.

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