Beginning of the year Capital $ (a) Assets Liabilities $8,000 $3,000 During the year $500 $ 1,100 $1,200 $ (b) Additional investment by owner Revenue earned Expenses incurred Drawings End of the year Capital $ (Cc) Assets Liabilities $9,600 $4,300 The balances of (a) beginning Capital, (b) Drawings and (c) ending Capital are: Select one: O a. (a) $5,000 (b)$100 (c) $5,300 b. (a) $5,000 (b)$900 (c) $5,300 O c. (a) $5,000 (b)$1,600 (c) $5,300 O d. (a) $5,000 (b)$1,200 -(c) $5,300

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Calculate the missing figures indicated by the letters.
Beginning of the year
Capital
$ (a)
Assets
Liabilities
$8,000
$3,000
During the year
Additional investment by owner
Revenue earned
$500
$ 1,100
$1,200
$ (b)
Expenses incurred
Drawings
End of the year
Capital
$ (c)
Assets
Liabilities
$9,600
$4,300
The balances of (a) beginning Capital, (b) Drawings and (c) ending Capital are:
Select one:
O a. (a) $5,000 (b)$100 (c) $5,300
O b. (a) $5,000 (b)$900
(c) $5,300
O c. (a) $5,000 (b)$1,600 (c) $5,300
O d. (a) $5,000 (b)$1,200 -(c) $5,300
Transcribed Image Text:Calculate the missing figures indicated by the letters. Beginning of the year Capital $ (a) Assets Liabilities $8,000 $3,000 During the year Additional investment by owner Revenue earned $500 $ 1,100 $1,200 $ (b) Expenses incurred Drawings End of the year Capital $ (c) Assets Liabilities $9,600 $4,300 The balances of (a) beginning Capital, (b) Drawings and (c) ending Capital are: Select one: O a. (a) $5,000 (b)$100 (c) $5,300 O b. (a) $5,000 (b)$900 (c) $5,300 O c. (a) $5,000 (b)$1,600 (c) $5,300 O d. (a) $5,000 (b)$1,200 -(c) $5,300
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