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83 70% A ABC myuni.adelaide.edu.au 3 - TV Extended Activity 1 - co.... Get Homework...

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Accounting

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83 70% A ABC myuni.adelaide.edu.au 3 - TV Extended Activity 1 - co.... Get Homework Help Wit. E2-8 - Homework Soluti. PRINTER VERSION BACK NEXT End of Chapter Exercise 1.5 Below are incomplete financial statements for Road Ltd. Calculate the missing amounts. Assets Cash Inventory Property Road Ltd Statement of financial position Liabilities and equity $10,100 Liabilities 15,870 Accounts payable 87,300 Equity $23,530 Contributed equity Retained earnings Total liabilities and equity Total assets $113,270 $113,270 Statement of profit or loss Revenues $188,660 Cost of sales Administrative expenses, including tax 13,320 Profit (d) Statement of changes in equity Beginning retained earnings $11,230 Profit Dividends Ending retained earnings (7,770) $57,330

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