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  3. on june 30, year 3, solomon companys total current

On June 30, Year 3, Solomon Companys total current assets were $500,000 and its total...

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Accounting

On June 30, Year 3, Solomon Companys total current assets were $500,000 and its total current liabilities were $278,500. On July 1, Year 3, Solomon issued a short-term note to a bank for $39,200 cash.
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