LTI Launch CengageNOWV2 | Online teachin x + now.com/in/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator &inprogress=false The Accounting Equation Transactions Cost Concept Financial Statements GGE Enterprises GGE Enterprises Shaded cells have feedback On December 1 of the curent year, Rob Ellot invested $36,000 of his cash to form a proprietorship, OGE Enterprises After all transactions have been entered into the accounting equation, the following are the ending balances for selected items on December 31. On that date, the Snancial statements were prepared The statement of owner's equity for GGE Enterprises reported Rob Eliot's owner's equity as of December 31 at $37,705 The balance sheet reported total abilities and owner's equity of $53,900 Cash Supplies Land $7,050 $15,000 Accounts Payable Rob Elliot, Rob Elliot, Fees Wages Rent Supplies Utilities Capital Drawing Earned Expense Expense Expense Expense $6,500.00 $26,250.00 $6,475.00 $4,500.00 $1,310.00 Miscellaneous Expense $460 001 Review the following questions. Place an X in the box to indicate which financial statements) report the desired information Enter the amount reported on the financial statement. Balance Income What are the total assets owned by GOE Enterprises? How much canheng held by OGE Enterpnes By what amount did Rob Ebot's equity increase or decrease during the penod? What is the amount of profit or loss during December? What were the total expenses for December How much expense was reported for re How much does OOE Enterprises we to co Check My Work Statement of Sheet Statement Owner's Equity X XV N -xxx- S S $ Amount $54,650.00 X $4,065,00 X Previous Next>> All work saved Imal instructor Save and Ex Submit Assignment for Grading ASUS VivoBook