Question

Assume the following data: building 100.000, land 50.000, cash 30.000, AP 30.000, bank loan 60.000, AR...

Assume the following data:

building 100.000, land 50.000, cash 30.000, AP 30.000, bank loan 60.000, AR 12.000, unearned revenue 8.000, equipment 60.000, car 40.000, supplies 18.000, NR 40.000, rent payable 2.000, capital ??, drawings 10.000, service revenue 100.000, rent exp. 15.000, salaries exp. 25.000

what is current assets

what is fixed assets

what is total liabilities

what is total owners’ equity

what is net income

Homework Answers

Answer #1

The answer has been presenetd in the supporting sheet. For detailed answer refer to the supporting sheet.

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