Net loss (7250) Dividends income 1,000 Opening stock 27800 Accounts payable 18000 Accounts receivable 123000 Prepaid expense 25100 Rental revenue 5200 Drawings 1450 Interest Income 8540 Capital 137900 Retained earnings 22700 Calculate Owners Equity

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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Extract of Balance sheet items  as at 31 December 2019

Net loss

(7250)

Dividends income

1,000

Opening stock

27800

Accounts payable

18000

Accounts receivable

123000

Prepaid expense

25100

Rental revenue

5200

Drawings

1450

Interest Income

8540

Capital

137900

Retained earnings

22700


Calculate Owners Equity



Select one:
a. None of these
b. 160600  OMR
c. 153350 OMR
d. 151900  OMR
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