Can Somebody help me to do question a,b,c and a), b) , i need help...
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Can Somebody help me to do question a,b,c and a), b) , i need help asap , thanks
BO School of Business BAF 3M1 CHAPTER 4 & 5 TEST vv Name: Man Ho Ryan Date: Thinking /12 Communication /20 Application /26 THINKING: EQUITY EQUATION (10 marks) 1. A partially completed summary of financial data is given below. The data pertain to the fundamental accounting equation for Duncan Goodwin over a period of two years. Assets Liabilities Equity End of 20-1 $52 800 End of 20-2 $32 000 Fill in the missing figures, given the following. (8 marks) a. revenues for 20-2 are $62 000 b. expenses for 20-2 are $34 000 c. drawings for 20-2 are $16 000 d. the liabilities decreased by $6000 from the end of 20-1 to the end of 20-2 a) Complete the table on paper. b) Show your work by taking a picture of how you figured it out on paper. (4 marks) APPLICATION: TRANSACTIONS (26 marks)
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