Present a table showcasing the balances of Skyline Enterprises as of June 30, 2024. Then,...
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Accounting
- Present a table showcasing the balances of Skyline Enterprises as of June 30, 2024. Then, determine the total assets and total liabilities from the provided information.
Description | Debit (?) | Credit (?) |
Cash | 16,000 | |
Accounts Receivable | 26,000 | |
Inventory | 58,000 | |
Equipment | 125,000 | |
Accounts Payable | 42,000 | |
Bank Loan | 90,000 | |
Equity | 100,000 | |
Retained Earnings | 8,000 |
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