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Determine total assets of Carla Vista Company at December

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Reference no: EM132626465

Question - Presented below is selected information related to Carla Vista Company at December 31, 2020. Carla Vista reports financial information monthly.

Accounts Payable $3,193

Salaries and Wages Expense $17,563

Cash 6,919

Notes Payable 26,610

Advertising Expense 6,386

Rent Expense 11,176

Service Revenue 56,945

Accounts Receivable 14,369

Equipment 30,868

Owner's Drawings 7,983

Required -

Determine the total assets of Carla Vista Company at December 31, 2020.

Determine the net income that Carla Vista Company reported for December 2020.

Determine the owner's equity of Carla Vista Company at December 31, 2020.

Reference no: EM132626465

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