Question: please explain how to calculate the missing amount. Calculate the missing amounts. Road Ltd Statement of financial position Assets Liabilities and equity Cash $10,180 Liabilities

please explain how to calculate the missing amount.

Calculate the missing amounts. Road Ltd Statement of financial position Assets Liabilities and equity Cash $10,180 Liabilities Inventory 16,170 Accounts payable $26,150 Property 84,410 Equity Contributed equity (a) Retained earnings ( b ) Total assets $110,760 Total liabilities and equity $110,760 Statement of profit or loss Revenues $200,410 Cost of sales (c) Administrative expenses, including tax 13,560 Profit ( d ) Statement of changes in equity Beginning retained earnings $12,330 Profit (e) Dividends (7,270) Ending retained earnings $51,660
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
