6 A partially completed summary of financial data is given below. The data pertain to the fundamental accounting equation for Dave Campos over a period of two years. In your Workbook, fill in the missing figures, given that: 1. revenues for 20-2 are $42 0003; 2. expenses for 20-2 are $22 000; 3. drawings for 20-2 are $18 000; 4. the assets decreased by $5 000 from the end of 20-1 to the end of 20-2. Assets Liabilities Equity End of 20-1 $27 400 End of 20-2 $19 300

6 A partially completed summary of financial data is given below. The data pertain to the fundamental accounting equation for Dave Campos over a period of two years. In your Workbook, fill in the missing figures, given that: 1. revenues for 20-2 are $42 0003; 2. expenses for 20-2 are $22 000; 3. drawings for 20-2 are $18 000; 4. the assets decreased by $5 000 from the end of 20-1 to the end of 20-2. Assets Liabilities Equity End of 20-1 $27 400 End of 20-2 $19 300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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