Using the information below, compute for the Ending Capital of the owner for the year ended December 31, 2020.                           Account Amount Cash 24,200 Notes Payable 120,000 Due from Customers 13,450 Delivery Van 200,000 Office Equipment 48,000 Loan Payable 40,000 Notes Receivable 8,000 Due to Suppliers 21,000 Fixtures and Furnitures 28,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Using the information below, compute for the Ending Capital of the owner for the year ended December 31, 2020.

 

                        Account

Amount

Cash

24,200

Notes Payable

120,000

Due from Customers

13,450

Delivery Van

200,000

Office Equipment

48,000

Loan Payable

40,000

Notes Receivable

8,000

Due to Suppliers

21,000

Fixtures and Furnitures

28,000

 

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