On December 1, Hadley Corporation has total assets of $800,000. During the month of December...
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Accounting
On December 1, Hadley Corporation has total assets of $800,000. During the month of December the following transactions occurred: - Purchased land for $400,000 cash - Collected $60,000 on accounts receivable - Purchased equipment for $120,000, paying $30,000 in cash and issuing a note payable for $80,000. - Paid $40,000 of the note payable. What are Hadley Corporation's total assets on December 31?
Select one:
a. $850,000
b. $1,320,000
c. $925,000
d. None of the answer choices
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