Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 20.sairas service shop started the year with total

20.Sairas Service Shop started the year with total assets of $330,000 and total liabilities of...

90.2K

Verified Solution

Question

Accounting

20.Sairas Service Shop started the year with total assets of $330,000 and total liabilities of $240,000. During the year, the business recorded $730,000 in revenues, $300,000 in expenses, and paid dividends of $160,000. Equity at the end of the year was

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Background: A 102.4 mL sample of 0.110 M methylamine (CH3NH2, Kb=3.7×10−4) is titrated with 0.230 M...

Chemistry
Q

Wildlife Species Description and Significance for Columbia Basin Pygmy Rabbit?

Biology
Q

Engineers makes the quality of life easy, discuss.

Mechanical Engineering
Q

Question 4 of 10 The circle below is centered at the point 3 1 and...

Geometry
Q

5 i is a zero of a quadratic equation with real coefficients Find the other...

Basic Math
Q

Estimate, then find the sum. Round to the nearest whole number.2.7+6.87+21.878

Basic Math
Q

Exponential Functions 1 A baker records the internal temperature of a pie that has been...

Statistics
Q

Exercise 1 Santiago Co. purchased a machine for $11,500, terms 2/10, 1/60. The seller prepaid...

Accounting
Q

Rainbow Company's income statement and comparative balance sheets follow. RAINBOW COMPANY Income...

Accounting
Q

Explain how blog sites such as Gothamist or TechCrunch generate revenue

Accounting
Q

what is thermometer?

Accounting
Q

Can you please help me solve the CCM (Cash on cash multiple), IRR after round...

Accounting