Use T-accounts to record the transactions below, which occur on March 12, 2021, close the T-accounts, and construct a ba

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answerhappygod
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Use T-accounts to record the transactions below, which occur on March 12, 2021, close the T-accounts, and construct a ba

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Use T-accounts to record the transactions below, which occur on
March 12, 2021, close the T-accounts, and construct a balance sheet
to answer the question.
1. Receive payment of $12,000 owed by a customer
2. Purchase equipment for $45,000 in cash
3. Issue $85,000 in stock
4. Borrow $67,000 from a bank
5. Buy $17,000 worth of manufacturing supplies on credit
What is the final amount in Total Liabilities &
Equity?
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