The two numbers are still wrong -49800 under retained earnings and -77200 under account payable even after taking out the negaiuve in front of it. Please provide a more accurate answer that is actuallyn the right answer
The two numbers are still wrong -49800 under
Accounting equation = Assets = Liabilities + Stockholders equity
Balance Sheet : Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.
Step by step
Solved in 3 steps
