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Just before Johnson Laboratories opened for business, Howard Johnson, the owner, had the following assets...

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Accounting

Just before Johnson Laboratories opened for business, Howard Johnson, the owner, had the following assets and liabilities. Cash $ 39,600 Laboratory Equipment 74,700 Laboratory Supplies 5,900 Loan Payable 14,200 Accounts Payable 9,650 Determine the totals that would appear in the firms fundamental accounting equation.

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