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Business, 09.03.2021 18:00 adeline12401

The total assets and liabilities of Robot Company at January 1 and December 31, 2020 are presented below. January 1 December 31

Assets $76,000 $112,000

Liabilities 26,000 28,800

Required

Assume owner’s drawings of $10,800 were paid and no additional investment was made during the year. Revenues were $110,000. Compute expenses.​

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The total assets and liabilities of Robot Company at January 1 and December 31, 2020 are presented b...
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