On December 1 of the current year, Rob Ellor invested $35,500 of his cash to form a proprietorship, GGE Emprises. After a transactions have been entoret into the accounting equation, the following are the ending balances for selected items on December 31. On that date, the financial statements were prepared. The statement of owner's equity for GGE Enterprises reported Rob Elliot's owner's equity as of December 31 at $38,955. The balance shoot reported total abilities and owner's equity of $54,400 Accounts Receivable Cash Accounts Payable 2 Land 515,500 Rob Elliot Capital Rob Elliot, Drawing $5,750,00 Foes Earned Rent Expense 56.450.00 Supplies Expense 7 2 Utilities Expense 54.525.00 Wages Expense 57.220.00 Miscellaneous Expense 5400:00 2 58.350 527.250.00 Review the following questions Place an Xin the box to indicate which financial statement(s)report the desired information Enter the amount report on antattatement Balance Sheet Income Statement Statement of Owner's Equity Amount C. What are the total owned by GGE Enterprise? How much can being held by GGE Enterprises by what amount id Rob Elliot's equity increase or decrease during the period? What in the amount of profit or loss during December? What were the total expenses for December? How much expose was reported for U106? How much does GGE Enterprises owe to its creditors? LLL LL LLL ilm On December 1 of the current year, Rob Ellor invested $35,500 of his cash to form a proprietorship, GGE Emprises. After a transactions have been entoret into the accounting equation, the following are the ending balances for selected items on December 31. On that date, the financial statements were prepared. The statement of owner's equity for GGE Enterprises reported Rob Elliot's owner's equity as of December 31 at $38,955. The balance shoot reported total abilities and owner's equity of $54,400 Accounts Receivable Cash Accounts Payable 2 Land 515,500 Rob Elliot Capital Rob Elliot, Drawing $5,750,00 Foes Earned Rent Expense 56.450.00 Supplies Expense 7 2 Utilities Expense 54.525.00 Wages Expense 57.220.00 Miscellaneous Expense 5400:00 2 58.350 527.250.00 Review the following questions Place an Xin the box to indicate which financial statement(s)report the desired information Enter the amount report on antattatement Balance Sheet Income Statement Statement of Owner's Equity Amount C. What are the total owned by GGE Enterprise? How much can being held by GGE Enterprises by what amount id Rob Elliot's equity increase or decrease during the period? What in the amount of profit or loss during December? What were the total expenses for December? How much expose was reported for U106? How much does GGE Enterprises owe to its creditors? LLL LL LLL ilm
