Presented below is information related to the cybersecurity consulting firm of Erica Thompson. Instructions a. Calculate the

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Presented below is information related to the cybersecurity consulting firm of Erica Thompson.

Instructionsa. Calculate the balance in owner?s equity for Erica Thompson?s cybersecurity consulting firm as of January 1, 2022, and as of December 31, 2022.b. Calculate the amount of drawings that must have been paid in 2022.

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College Accounting

ISBN: 1986

1st Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell

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Question Posted: Dec 17, 2019 08:23 AM

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Presented below is information related to the cybersecurity consulting firm of Erica Thompson. Instructions a. Calculate the

Question:

Service revenue-2022 $425,000 195,000 102,000 Total expenses-2022 Assets, January 1, 2022 Liabilities, January 1, 2022 85,000 Assets, December 31, 2022 Liabilities, December 31, 2022 Drawings-2022 168,000 105,000

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a Assets January 1 2022 102000 Less Liabilities January 1 2022 8...View the full answer

College Accounting

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