1. On the balance sheet for the tuxedo rental business, what is the total amount of assets?
$150,800
$235,800
$85,000
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2. What is the amount invested by the CEO?
$15,000
$20,000
$85,000
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3. The total amount of the loan, including interest is?
$150,800
$85,000
168,896
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4. The accounting equation states?
Assets = Liabilities + Stockholders' Equity
Assets = Liabilities - Stockholders' Equity
Assets = Stockholders' Equity - Liabilities
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