21. If a company reports Cash as $1,000, Supplies as $500, Prepaid Insurance as $1,200, Account Receivable as $300, Accounts Payable - M. Mungle $500, and there are no reported Revenues, Expenses, and Drawings, what is amount that should be listed for Mr. John Acme, Capital?
22. Using the above information, what will the Cash account and the Liabilities (assuming A/P - M. Mungle is the only one) be, once the debt owed by John Acme's company is paid off?
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