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On May 31 of the current year, the assets and liabilities of Riser, Incorporated are as follows: Cash $20,300; Accounts Receivable, $8,000; Supplies, $1,400; Equipment, $12,750; Accounts Payable, $10,150. What is the amount of equity as of May 31 of the current year?
a. $52,600
b. $13,150
c. $20300
d. $32.300
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On May 31 of the current year, the assets and liabilities of Riser, Incorporated are as follows: Cas...
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