If a business has the following balances, what would be the amount of total liabilities? ASSETS Cash                           $   5000 Accounts Receivable       2575 Equipment                      14000 OWNER'S EQUITY Anne Miller, Capital          2600

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter1: Introduction To Accounting And Business
Section: Chapter Questions
Problem 4E: Accounting equation The total assets and total liabilities (in millions) of McDonalds Corporation...
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If a business has the following balances, what would be the amount of total liabilities?

ASSETS
Cash                           $   5000
Accounts Receivable       2575
Equipment                      14000

OWNER'S EQUITY
Anne Miller, Capital          2600 

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9781337902663
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WARREN, Carl S.
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Cengage Learning,