Question Details

HCMG 570 Week 1 Discussion 2

What is the common accounting equation that reflects the relationship among liabilities, owner- 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	 	55,000
Accounts payable:    
      Supplies	 	23,000
 
What is the difference between an expense and a cost?

Minimum of 450-500 words in length and properly sourced.