Question: Can you please verify if my answer are correct? Total assets 157,400.00 248,000.00 Liabilities and owner's equity Current liabilities: 2021 2022 Accounts payable 27,000.00 20,000.00
Can you please verify if my answer are correct?
| Total assets | 157,400.00 | 248,000.00 |
| Liabilities and owner's equity | ||
| Current liabilities: | 2021 | 2022 |
| Accounts payable | 27,000.00 | 20,000.00 |
| Accrued wages | 10,000.00 | 15,000.00 |
| Accrued compensation | 15,000.00 | 10,000.00 |
| Income taxes payable | 14,000.00 | 20,000.00 |
| Unearned revenue | 15,000.00 | 20,400.00 |
| Other | 21,000.00 | 13,000.00 |
| Total current liabilities | 102,000.00 | 98,400.00 |
| Owner's equity: | 2021 | 2022 |
| Investment capital | 20,000.00 | 100,000.00 |
| Accumulated retained earnings | 35,400.00 | 49,600.00 |
| Total owner's equity | 55,400.00 | 149,600.00 |
| Total liabilities and owner's equity | 157,400.00 | 248,000.00 |
| Balance | - | - |
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