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Category > Business & Finance Posted 11 May 2017 My Price 9.00

1. (Learning Objective 2: Differentiate between different types of accounts)

1. (Learning Objective 2: Differentiate between different types of accounts) Bill Alexander opened a software consulting firm that immediately paid $17,000 for a computer. Was Alexander’s computer an expense of the business? If not, explain.

 

2. (Learning Objective 4: Analyze the impact of business transactions on accounts) Cathey’s] Catering began with cash of $15,000. Cathey then bought supplies for $4,400 on account. Separately, Cathey paid $7,500 for equipment. Answer these questions.

a. How much in total assets does Cathey have?

b. How much in liabilities does Cathey owe?

 

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Homework Helper
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Status NEW Posted 11 May 2017 02:05 PM My Price 9.00

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