The assets and liabilities of Matt Wesley Auto Shop are as follows: Cash, S10,000; Accounts receivable, $8,200; Supplies, $1,050; Land, $25,000; Accounts payable, S6,530. What is the amount of owner's...


The assets and liabilities of Matt Wesley Auto Shop are as follows: Cash, S10,000; Accounts receivable, $8,200; Supplies, $1,050;<br>Land, $25,000; Accounts payable, S6,530. What is the amount of owner's equity? Your answer: O S37,720 O $21,500 O $44,430 o<br>$50,780<br>

Extracted text: The assets and liabilities of Matt Wesley Auto Shop are as follows: Cash, S10,000; Accounts receivable, $8,200; Supplies, $1,050; Land, $25,000; Accounts payable, S6,530. What is the amount of owner's equity? Your answer: O S37,720 O $21,500 O $44,430 o $50,780

Jun 10, 2022
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