Question: Can Somebody help me to do question a,b,c and a), b) , i need help asap , thanks BO School of Business BAF 3M1 CHAPTER

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

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)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!