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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Depreciation Accounting
In terms of accounting, with the passage of time the value of a fixed asset (like machinery, plants, furniture etc.) goes down over a specific period of time is known as depreciation. Now, the question comes in your mind, why the value of the fixed asset reduces over time.
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Question
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3933e659-0e4e-4082-b0d0-cddeecd047c4%2F036fa4c6-bbcb-4798-ac3c-075f4829522b%2Fxleereh_processed.jpeg&w=3840&q=75)
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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