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Business, 08.11.2019 06:31 Lhuckabee

Acompany was formed with $60,400 cash contributed by its owners in exchange for common stock. the company borrowed $30,400 from a bank. the company purchased $10,400 of inventory and paid cash for it. the company also purchased $70,400 of equipment by paying $10,000 in cash and issuing a note for the remainder. what is the amount of the total assets to be reported on the balance sheet?

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Acompany was formed with $60,400 cash contributed by its owners in exchange for common stock. the co...
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