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b.

Total owner investments

c.

Total assets

Problems 3.

Statement preparation. The following information is taken from the accounting records of Grimball Cardiology at the close of business on December 31, 20X1. Accounts Payable

$14,700

Surgery Revenue

Surgical Expenses

80,000 Cash 60,000

Surgical Equipment

37,000 Office Equipment

$175,000

118,000

2. All equipment was acquired just prior to year-end. Conversations with the practice's bookkeeper revealed the following data: Rose Grimball, capital (January 1, 20X1) 19X1 owner investments

2,000

19X1 owner withdrawals

22,000

3.

Instructions

$300,000

ACC 205 OUTLET Education on your terms / acc205outlet.com  

FOR MORE CLASSES VISIT www.acc205outlet.com Final Paper Focus of the Final Paper Write a five to seven page financial statement analysis o...

ACC 205 OUTLET Education on your terms / acc205outlet.com  

FOR MORE CLASSES VISIT www.acc205outlet.com Final Paper Focus of the Final Paper Write a five to seven page financial statement analysis o...

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