Apollo Corporation reported the following accounts and balances in its financial statements:Cash…

Apollo Corporation reported the following accounts and balances in its financial statements:Cash …………….. $10,000Merchandise Inventory ……… 30,000Equipment ………….. 45,000Notes Payable ………….. 20,000Contributed Capital ……….. 35,000Retained Earnings ……….. 30,000Required Arrange the accounts and balances into the accounting equation as shown below: Assets = Liabilities + EquityView Solution:
Apollo Corporation reported the following accounts and balances