The following accounts are taken from the records of Jasper Inc. at January 31, 2019,...
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Accounting
The following accounts are taken from the records of Jasper Inc. at January 31, 2019, its first month of operations. Cash $33,000 Accounts receivable 82,000 Unused supplies 2,000 Land 25,000 Building 70,000 Equipment 30,000 Bank loan 15,000 Accounts payable 27,000 Common stock ? Net income 40,000 Dividends 1,000 Required: 1. Calculate the amount of total assets. 2. Calculate the amount of total liabilities. 3. Calculate the amount of common stock.
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