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Business, 16.10.2019 05:00 algahimnada

The donahoo western furnishings company was formed on december 31, 2014, with $1,000,000 in equity and $500,000 in long-term debt. they began with 1.5 million in cash on the asset side. on january 2, donahoo purchased $1 million worth of furniture for resale. the company paid $500,000 in cash and refinance the balance with credit that required a payment in 60 days. what did the firm’s balance sheet look like after these transactions. include all relevant categories (e. g., accounts payable, inventory, retained earnings, etc.)

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The donahoo western furnishings company was formed on december 31, 2014, with $1,000,000 in equity a...
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