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Reflects the relationship among liabilities- owner''s equity

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What is the common accounting equation that reflects the relationship among liabilities, owner?s equity, and assets? Define each

Exercise:

Place each one in the proper order so that the equation from above equals: (show your work)

Cash- 89,000

Accounts Payable -25,000

Buildings - 1,000,000

Mortgage Payable -250,000

Retained Earnings -837,000

Payroll Taxes due - 9,000

Patient receivables - 55,000

Accounts payable:
Supplies - 23,000

What is the difference between an expense and a cost?

Minimum of 450-500 words in length and properly sourced.

Verified Expert

The assignment is about the financial accounts. It will help you to know the relationship between asset, liability and owner equity in detail. It will also give you the knowledge about the difference between cost and expenses. This assignment helps you to get authentic information to know everything in detail. The answer has been phrased in very easy manner and easy to understand.

Reference no: EM131556361

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len1556361

7/7/2017 2:09:34 AM

What is the difference between an expense and a cost? how much to do? Minimum of 450-500 words in length and properly sourced. someone good in finance Place each one in the proper order so that the equation from above equals: (show your wor

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