On july 1 of the current year, the assets and liabilities of john wong, dvm, are as follows: cash, $15,000; accounts receivable, $12,300; supplies, $3,100; land, $35,000; accounts payable, $8,700. what is the amount of owner's equity (john wong’s capital) as of july 1 of the current year?
1. $65,400
2. $43,700
3. $32,100
4. $56,700

4. $56,700

Explanation:

The accounting equation is:

Assets = Owner's Equity + Liabilities so,

if we want to know the owner's equity (OE), the formula should be

let's see the assets of the company:

Total Assets = $15,000+$12,300+$3,100+$35,000= $65,400

And the only liabilitie for the company is : Accounts Payable: $8,700

so, OE= $65,400 - $8,700 = $56,700

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants

anjan should should report alteast 5000 on the first apyment and 10,000 each year

explanation: