Business, 12.06.2020 16:57 mrgetrekt

Park & Company was recently formed with a $6,200 investment in the company by stockholders in exchange for common stock. The company then borrowed $3,200 from a local bank, purchased $1,120 of supplies on account, and also purchased $6,200 of equipment by paying $2,120 in cash and signing a promissory note for the balance. Based on these transactions, the company's total assets are:

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Park & Company was recently formed with a $6,200 investment in the company by stockholders in ex...