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What would make a balance sheet not balance

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Question 1: What would make a balance sheet not balance.

Current Assets are $19,989

Long term property, plant and equipment 100,000 less 2500 depreciation

Liabilities would equal the total loan less the principal payment for that year (total loan is 100,000) principal payment is 2,222

Owners equity

owner capital paid in 2020 $50,000

Net income after taxes for the year $69,711.

Assets= Liabilities + Owners equity does not balance

Reference no: EM132585449

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