What is the amount of owner''s equity, Accounting Basics

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What is the amount of owner''s equity

On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $15,000; Accounts Receivable, $12,300; Supplies, $3,100; Land, $35,000; Accounts Payable, $8,700. What is the amount of owner's equity (John Wong's capital) as of July 1 of the current year?
$32,100
$43,700
$56,700
$65,400

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Accounting Basics: What is the amount of owner''s equity

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Accounting Basics: What is the amount of owner''s equity

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the amount of owner''s equity

Reference No:- TGS065026

Recent Questions Asked Accounting Basics

Q : Convert nominal gdp to real gdp using formula real gdp

Q : Points weiner makes about american and european e-mail

Q : Impact on the supply and demand of labor

Q : At what value would entire demand curve become unit elastic

Q : What is the amount of owner''s equity

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