Question: Complete the financial statements that follow by determining the amounts

Complete the financial statements that follow by determining the amounts that correspond to the letters. (Assume no new investments by owners.)
Income statement
Revenues......... $11,100
Expenses.......... (a)
Net income......... $ (b)
Statement of Owner’ Equity
Beginning balance..... $29,000
Net income......... (c)
Less withdrawals...... 2,000
Ending balance........ $30,000
Balance Sheet
Total assets........... $ (d)
Total liabilities........ $16,000
Owner’s equity (T. Proviso, capital). (e)
Total liabilities and owner’s equity... $ (f)



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  • CreatedMarch 26, 2014
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