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QuestionOn July 1 of the current year, the assets and liabil

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QuestionOn July 1 of the current year, the assets and liabilities of John… On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $27,000; Accounts Receivable, $12,300; Supplies, $3,100; Land, $35,000; Accounts Payable, $13,900. Use the?ccounting equation?o determine the amount of stockholders’ equity as of July 1.?learly label your final answer (Name it “Final Answer” or bold it or underline it or all three).?o equation = No points.AccountingBusinessFinancial Accounting

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