3. Short calculation problem – 100

Q1,  Q2,  Q3,  Q4,  Q5,  Q6,  Q7,  Q8,  Q9,  Q10,  Q11,  Q12,  Q13,  Q14

Current year, the assets and liabilities are as follows: Cash $28,050; Supplies, $880; Equipment, $8,700; Accounts Payable, $7,400. What is the amount of owner’s equity as of August 31 of the current year?

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Over 5 more multiple choice test banks, 10 questions long and one test 67 questions long. Tests include PDF format of multiple choice test, multiple choice answers, a student answer key sheet, and instructor answer key sheet. 

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