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Homework answers / question archive / Mercury, Inc reports the following assets and liabilities

Mercury, Inc reports the following assets and liabilities

Accounting

Mercury, Inc reports the following assets and liabilities. Compute the totals that would appear in the corporation's basic accounting equation (Assets = Liabilities + Stockholder's Equity (Capital Stock)).

Cash $67,000
Accounts Payable 13,000
Supplies 2,800
Loan Payable 9,000
Inventory 12,000
Accounts Receivable 15,000
Equipment 25,000

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