Multiple Choice
Use the following information as of December 31 to determine equity.
Accounts Payable………………………… $ 800
Accounts Receivable……………………. 700
Cash……………………………………… 2,300
Wages Expense………………………… 9,000
Wages Payable……………………… 1,200
A) $1,000
B) $3,000
C) $5,000
D) $10,000
E) $11,000
Correct Answer:
Verified
Correct Answer:
Verified
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