Reference no: EM132690333
Problem 1: Baltimore Company's complete assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,650, Prepaid Rent $2,000, Supplies $400, Bank Loan $3,950, and Tools $300. Baltimore's total liabilities are: (All account balances are normal.)
Problem 2: Baltimore Company's complete assets and liabilities are Accounts Receivable $1,950, Equipment $8,200, Accounts Payable $5,500, Prepaid Rent $1,500, Supplies $725, Bank Loan $4,450, and Tools $535. Baltimore's total equity is: (All account balances are normal.)
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