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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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 $42 000;
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F93aaf89d-b9c4-40ae-aba9-db7b0446f60e%2F638049a2-44c9-48bc-93bc-c3416415a732%2F847ks9x_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 $42 000;
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
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