Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $41,100; accounts payable, $29,1003; merchandise inventory, $15,100; Joe Ryan, capital, $48,200; and equipment, $21,100. LONG PRINT SHOP Balance Sheet December 31, 2020 Assets Liabilities Owner's Equity Total assets Total liabilities and owner's equity

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $41,100; accounts payable, $29,100%;
merchandise inventory, $15,100; Joe Ryan, capital, $48,200; and equipment, $21,100.
LONG PRINT SHOP
Balance Sheet
December 31, 2020
Assets
Liabilities
ces
Owner's Equity
Total assets
Total liabilities and owner's equity
acer
Σ
Transcribed Image Text:ezto.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fportal%252Fframeset.jsp%25 Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $41,100; accounts payable, $29,100%; merchandise inventory, $15,100; Joe Ryan, capital, $48,200; and equipment, $21,100. LONG PRINT SHOP Balance Sheet December 31, 2020 Assets Liabilities ces Owner's Equity Total assets Total liabilities and owner's equity acer Σ
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