On july 1 of the current year, the assets and liabilities of john wong, dvm, are as follows: cash, $15,000; accounts receivable, $12,300; supplies, $3,100; land, $35,000; accounts payable, $8,700. what is the amount of owner's equity (john wong’s capital) as of july 1 of the current year?
1. $65,400
2. $43,700
3. $32,100
4. $56,700
Answers: 3
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On july 1 of the current year, the assets and liabilities of john wong, dvm, are as follows: cash,...
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