The following information is taken from the balance sheet at December 31:
$$\begin{array} { l r l r }
\text { Cash } & \$ 288,000 & \text { Retained earnings } & \$ 168,000 \
\text { Inventory } & 96,000 & \text { Accounts payable } & 84,000 \
\text { Equipment } & 456,000 & \text { Bonds payable } & 276,000 \
\text { Common shares } & 312,000 & &
\end{array}$$
A) How much did creditors provide to this company?

Question

The following information is taken from the balance sheet at December 31:
 $$\begin{array} { l r l r } 
\text { Cash } & \$ 288,000 & \text { Retained earnings } & \$ 168,000 \
\text { Inventory } & 96,000 & \text { Accounts payable } & 84,000 \
\text { Equipment } & 456,000 & \text { Bonds payable } & 276,000 \
\text { Common shares } & 312,000 & &
\end{array}$$ 
 A) How much did creditors provide to this company?

Quizplus · Accepted Answer

The Answer of The following information is taken from the balance sheet at December 31:
 $$\begin{array} { l r l r } 
\text { Cash } & \$ 288,000 & \text { Retained earnings } & \$ 168,000 \
\text { Inventory } & 96,000 & \text { Accounts payable } & 84,000 \
\text { Equipment } & 456,000 & \text { Bonds payable } & 276,000 \
\text { Common shares } & 312,000 & &
\end{array}$$ 
 A) How much did creditors provide to this company?

The Following Information Is Taken from the Balance Sheet at December