Prepare a Statement of Financial Position

Reference no: EM132642289

Question - Prepare a Statement of Financial Position using the following accounts (one in report form and one in account form):

Cash - 5,000

Loans Payable - 77,500

Accounts Receivable - 2,600

Supplies - 2,300

Equipment - 17,000

Owner's equity - 40,000

Accounts Payable - 22,400

Building - 113,000

Reference no: EM132642289

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