Solution-Calculate the total owners equity at the end of

Calculate the total owners equity at the end of the year

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Reference no: EM131827202

ABC Company has the following balances at the end of their fiscal year:

Cash 6,000

Accounts Receivable 6,000

Long Term Debt 1,000

Accounts Payable 3,000

Inventory 3,000

Based on only these account balances, calculate the total owners equity at the end of the year. ( (Answer in whole $s without the $ sign or comma, xxxxx, e.g. 12000.)

Reference no: EM131827202

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