Question regarding the appollo corporation

Assignment Help Accounting Basics

Reference no: EM13257056

Appollo Corporation reported the following accounts and balances in its financial statements.

Cash $10,000

Merchandise Inventory $30,000

Equipment 45,000

Notes Payable 20,000

Contributed Capital 35,000

Retained Earnings 30,000

Arrange the accounts and balances into the accounting equation as shown below.

Assets = Liabilities + Equity

Reference no: EM13257056

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