4. Mirah Company compiled the following financial information as of December 31, 2016 Revenues Owner's Capital (1/1/16) Equipment Expenses Cash Owner's Drawings Supplies Accounts payable Accounts receivable $340,000 140,000 80,000 240,000 90,000 20,000 20,000 40,000 70,000 Mirah's owner's equity on December 31, 2016 is a. $100,000. b. $140,000. c. $220,000. d. $260,000.

4. Mirah Company compiled the following financial information as of December 31, 2016 Revenues Owner's Capital (1/1/16) Equipment Expenses Cash Owner's Drawings Supplies Accounts payable Accounts receivable $340,000 140,000 80,000 240,000 90,000 20,000 20,000 40,000 70,000 Mirah's owner's equity on December 31, 2016 is a. $100,000. b. $140,000. c. $220,000. d. $260,000.

Name: 4. Mirah Company compiled the following financial information as of D
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Description: 4. Mirah Company compiled the following financial information as of December 31, 2016:RevenuesOwner's Capital (1/1/16)EquipmentExpensesCashOwner's DrawingsSuppliesAccounts payableAccounts receivable$340,000140,00080,000240,00090,00020,00020,00040,00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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