HCMG 570 Week 1 Discussion 2
What is the common accounting equation that reflects the relationship among liabilities, owner’s equity, and assets? Define each Exercise:
Place each one in the proper order so that the equation from above equals: (show your work)
Cash 89,000
Accounts Payable 25,000
Buildings 1,000,000
Mortgage Payable 250,000
Retained Earnings 837,000
Payroll Taxes due 9,000
Patient receivables 55, ...
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28 Sep 2016