Exercise 1: The following list of accounts for Company ABC is available at the end...
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Accounting
Exercise 1: The following list of accounts for Company ABC is available at the end of 2019. Equipment 235, Vehicles 135, Capital 2. Cash 210, Assets 1185, Buildings ?, Supplies 180, Land 260, Wages 175, Taxes 160 REQUIRED: Prepare the Balance Sheet Exercise 2: 1. If Owners Equity decrease by $12000 and liabilities increase by $7000 what is the change in Assets 2. If assets and liabilities both decrease by $2000 what is the effect on Owners equity? 3. If total liabilities and equity is $900, capital $650 and taxes $100, What is the amount of ABC Company's wages
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