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Just before Ward Laboratories opened for business, Pamela Ward, the owner, had the following assets...

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Accounting

Just before Ward Laboratories opened for business, Pamela Ward, the owner, had the following assets and liabilities.
Cash $ 40,300
Laboratory equipment 75,400
Laboratory supplies 6,600
Loan payable 14,900
Accounts payable 9,825
Determine the totals that would appear in the firms fundamental accounting equation
(Assets = Liabilities + Owners Equity).

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