Mathematics, 21.01.2022 14:00 yddlex

Assume a company has the following transactions during the week. a. $4,000 cash is received in exchange of 100 shares of stock.

b. The company received a loan of $10,000.

C. The company buys $6,000 worth of equipment with cash.

d. The company provides a service and is paid $3,000.

e. $2,000 worth of services is provided to a Joe Client on credit (Joe Client is to pay at a later date).

f. Joe Client decides to pay $500 of the amount owed.

What is the total dollar amount of assets at the end of the week?

(Hint: Use the accounting equation.)
$8.500 $9,500 $9,000 $18.500 $19,000 $19,500

Answers: 3

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Assume a company has the following transactions during the week. a. $4,000 cash is received in exc...