Compute the amount of owner's equity as at 30 April 2023. Shalom Consultancy Services ended its first

  Compute the amount of owner's equity as at 30 April 2023.

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Shalom Consultancy Services ended its first financial year on 31 March 2023 with the following accounts: Debtors (A) Cash at bank (A) Creditors (L) Capital, Geevan (OE) Office equipment (A) Loan to Agape Associate (A) S 5,750 15,230 Additional information: 9,620 37,170 18,310 7,500 1. During the month of April, Shalom Consultancy Services earned total revenue of $48,220 and incurred total expenses of $12,140. Shalom Consultancy Services ended its first financial year on 31 March 2023 with the following accounts: Debtors (A) Cash at bank (A) Creditors (L) Capital, Geevan (OE) Office equipment (A) Loan to Agape Associate (A) S 5,750 15,230 Additional information: 9,620 37,170 18,310 7,500 1. During the month of April, Shalom Consultancy Services earned total revenue of $48,220 and incurred total expenses of $12,140.

Answer rating: 100% (QA)

Lets break down the changes in equity step by step 1 Start with the initial owners equity on 31 Mar... View the full answer