Accounting Equation John Joos is the stockholder and operator of Way to Go LLC, a motivational consulting business. At the end of its accounting period, December 31, 2012, Way to Go has assets of $770,000 and liabilities of $185,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31, 2012. b. Stockholders' equity as of December 31, 20Y3, assuming that assets decreased by $146,000 and liabilities decreased by $44,000 during 2013. decres

Accounting Equation John Joos is the stockholder and operator of Way to Go LLC, a motivational consulting business. At the end of its accounting period, December 31, 2012, Way to Go has assets of $770,000 and liabilities of $185,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31, 2012. b. Stockholders' equity as of December 31, 20Y3, assuming that assets decreased by $146,000 and liabilities decreased by $44,000 during 2013. decres

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Description: Subject: accounting Accounting EquationJohn Joos is the stockholder and operator of Way to Go LLC, a motivational consulting business. At the end of its accounting period, December 31, 2012,Way to Go has assets of $770,000 and liabilities of $185,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter2: Basic Accounting Systems: Cash Basis

Section: Chapter Questions

Problem 10CDQ: Assume that as of January 1, 20Y8, Sylvester Con- suiting has total assets of $500,000 and total...

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