ASSIGNMENT #3 – Determine the missing amounts in cells numbered 1– 12. Ensure equality of the First row refers to the beginning balances (balances in the previous accounting period) Below is one of the worksheet of ABM Company. Determine the missing amounts in order to clearly identify the events that occurred: ASSETS = LIABILITIES + EQUITY Accounts Accounts Cash Equipment Inventories Capital Revenues Expenses Receivable 11,000 Payable (5) (11) (1) (4) 20,000 Beginning -0- (6) -0- -0- 1 2 3,000 3,000 3 (10) 1,000 4 -3,000 -3,000

ASSIGNMENT #3 – Determine the missing amounts in cells numbered 1– 12. Ensure equality of the First row refers to the beginning balances (balances in the previous accounting period) Below is one of the worksheet of ABM Company. Determine the missing amounts in order to clearly identify the events that occurred: ASSETS = LIABILITIES + EQUITY Accounts Accounts Cash Equipment Inventories Capital Revenues Expenses Receivable 11,000 Payable (5) (11) (1) (4) 20,000 Beginning -0- (6) -0- -0- 1 2 3,000 3,000 3 (10) 1,000 4 -3,000 -3,000

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Description: ASSIGNMENT #3 - Determine the missing amounts in cells numbered 1- 12. Ensure equality of theequation. First row refers to the beginning balances (balances in the previous accounting period).Below is one of the worksheet of ABM Company.Determine the

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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