question archive On August 1, Lola Company's assets are $37,000 and its liabilities are $17,000
On August 1, Lola Company's assets are $37,000 and its liabilities are $17,000
Subject:AccountingPrice: Bought3
On August 1, Lola Company's assets are $37,000 and its liabilities are $17,000. On August 4, Lola issues a sustainability report. On August 5, ownership invests $6,500 cash and $10,500 of equipment in Lola. After the investment, what is the amount of equity for Lola?
