Calculate the missing figures indicated by the letters.Beginning of the yearAssetsLiabilitiesCapital$ (a) ?$8,000$3,000During the yearAdditional investment by ownerRevenue earned$500$ (b) ?$1,200$100Expenses incurredDrawingsEnd of the yearCapital$ (c) ?AssetsLiabilities$9,600$4,300The balances of beginning capital, revenue earned and ending capital are:Select one:O a. 5,000, 1,600, 5,300O b. 5,000, 1,100, 5,300O c. 5,000, 1,200, 5,300O d. 5,000, 1,000, 5300

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

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

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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