Can Somebody help me to do question a,b,c and a), b) , i need help...

50.1K

Verified Solution

Question

Accounting

Can Somebody help me to do question a,b,c and a), b) , i need help asap , thanks image
BO School of Business BAF 3M1 CHAPTER 4 & 5 TEST vv Name: Man Ho Ryan Date: Thinking /12 Communication /20 Application /26 THINKING: EQUITY EQUATION (10 marks) 1. A partially completed summary of financial data is given below. The data pertain to the fundamental accounting equation for Duncan Goodwin over a period of two years. Assets Liabilities Equity End of 20-1 $52 800 End of 20-2 $32 000 Fill in the missing figures, given the following. (8 marks) a. revenues for 20-2 are $62 000 b. expenses for 20-2 are $34 000 c. drawings for 20-2 are $16 000 d. the liabilities decreased by $6000 from the end of 20-1 to the end of 20-2 a) Complete the table on paper. b) Show your work by taking a picture of how you figured it out on paper. (4 marks) APPLICATION: TRANSACTIONS (26 marks)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students