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What is the accounting equation?
$70,400
330
An asset
90,750
Owner's Equity = Assets - Liabilities
1635
Total Revenue – Total Expenses
revenue
If Assets = $85,000 and Owner’s Equity = $ 14,600, what is the value of Liabilities?
$70,400
330
An asset
90,750
Owner's Equity = Assets - Liabilities
1635
Total Revenue – Total Expenses
revenue
When you charge a customer $50 for a service, the $50 is called a(n):
$70,400
330
An asset
90,750
Owner's Equity = Assets - Liabilities
1635
Total Revenue – Total Expenses
revenue
What is Sydney's Gross pay if she worked 40 hours (a week) and a pay rate of 8.25
$70,400
330
An asset
90,750
Owner's Equity = Assets - Liabilities
1635
Total Revenue – Total Expenses
revenue
If XYZ Corp. pays $800 in September for office supplies that are to be used for the next three months, what category of account does the $800 purchase fall into?
$70,400
330
An asset
90,750
Owner's Equity = Assets - Liabilities
1635
Total Revenue – Total Expenses
revenue
What is the Income Statement Equation
$70,400
330
An asset
90,750
Owner's Equity = Assets - Liabilities
1635
Total Revenue – Total Expenses
revenue
If Liabilities = $56,400 and Owner’s Equity = $34,350,
$70,400
330
An asset
90,750
Owner's Equity = Assets - Liabilities
1635
Total Revenue – Total Expenses
revenue
Corde' is the Lead Accounts Manager for Foot Locker Corporate Office. What is Corde's Gross pay if he worked 60 hours (a week) and a pay rate of 27.25
$70,400
330
An asset
90,750
Owner's Equity = Assets - Liabilities
1635
Total Revenue – Total Expenses
revenue
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