Accounting 115 - Drexel University

Accounting 115. Practice Exam 1. Name: _____ Student # _____ ... Before the journal entry above, Vanderbilt had assets, liabilities, and owners’ equity of $450,000, $100,000, and $350,000, respectively. What are total assets immediately after the above transaction occurs? ... 32 Which of the following entries causes an immediate increase in ... ................
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