Vaughn's assets on December 31,2020 are ? Vaughn Company compiled the following financial information as of December 31, 2020:Revenues$330000Owner's Capital(1/1/20)60400Equipment79100Expenses248400Cash89000Owner's Drawings20200Supplies20200Accounts payable41000Accounts receivable70800Vaughn's assets on December 31, 2020 are$200200.$302000.$170600.$259100.

Assets = Equipment + Cash + Supplies + Accounts Receivable

Answered: Vaughn's assets on December 31, 2020…

Business

Accounting

Vaughn's assets on December 31, 2020 are $200200. O $302000. O$170600. O $259100.

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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Question

Vaughn's assets on December 31,2020 are ?

Vaughn Company compiled the following financial information as of December 31, 2020:
Revenues
$330000
Owner's Capital
(1/1/20)
60400
Equipment
79100
Expenses
248400
Cash
89000
Owner's Drawings
20200
Supplies
20200
Accounts payable
41000
Accounts receivable
70800
Vaughn's assets on December 31, 2020 are
$200200.
$302000.
$170600.
$259100.

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