Consider the following transactions: Shareholder purchase shares of the newly incorporated XYZ Ltd. for ...
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Accounting
Consider the following transactions:
Shareholder purchase shares of the newly incorporated XYZ Ltd. for 5,000 XYZ Ltd. borrows 2,500 from the bank Purchase of a new delivery bike for 1,000 Purchase of inventory for 2,000 on credit Half of the inventory is sold for 4,000
What is the total equity and liability balance for XYZ Ltd. after this transactions?
Select one:
a. 12,500
b. 10,500
c. 9,500
d. none of the above
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