Multiple Choice
The assets and liabilities of Matt Wesley Auto Shop are as follows: Cash,$10,000; Accounts receivable,$8,200; Supplies,$1,050; Land,$25,000; Accounts payable,$6,530.What is the amount of owner's equity?
A) $21,500
B) $44,430
C) $50,780
D) $37,720
Correct Answer:
Verified
Correct Answer:
Verified
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