Account Name Balance (2020) Income tax Expense $ Decrease in porperty valulation Property, Plant, Equipment Current Assets. Cost of Sales Distribuiton Costs Common Shares Issued Finance Costs Stock Option Compenstation Profit before Taxes Retained Earnings(endof year) Dividends Paid 5 Other Income 5 Gross Profit 7 Share Captial (end of year) 8 Contributed surplus (beginnning of year) 9 Non-Current Liablilities C Change in Currency Translation(income) 1 Retained Earnings(beginning of year) 2 Administrative Expenses 3 Total Liabilities 4 Total Assets 5 Fease beep in mind that if pou hare the Iotsls for the account catreories. You ahould entre ametunts for the unkhown ecrount balance to demonstrate that the velue will equate to the fatal elven. Youknow the total asseits is $16,500 wo therefore enter. amouvts for the unknown accounts- do not locue anithing Boak as hong as the Non current anets and current atsta equal the total Asseth. You showld also apply werme bine arrourting knowledge is that your niment atorsts wech wi cish, recpiveables thou d not be ai tigh on you ficad anents sodh ai fraperty Plant and teupment or noa current masets. You do not lakety heve more money in youl kink account bhas whet vour hom or Euldive is valued at Therelore the Non curmers assets chould be a Hicher value than the Remember the Basic Accounting Equation States ASSETS = LAABILTIES + EQUITY Therefore the amount in Cell C40 should equal the amount in Cell C20 Account Name Balance (2020) Income tax Expense $ Decrease in porperty valulation Property, Plant, Equipment Current Assets. Cost of Sales Distribuiton Costs Common Shares Issued Finance Costs Stock Option Compenstation Profit before Taxes Retained Earnings(endof year) Dividends Paid 5 Other Income 5 Gross Profit 7 Share Captial (end of year) 8 Contributed surplus (beginnning of year) 9 Non-Current Liablilities C Change in Currency Translation(income) 1 Retained Earnings(beginning of year) 2 Administrative Expenses 3 Total Liabilities 4 Total Assets 5 Fease beep in mind that if pou hare the Iotsls for the account catreories. You ahould entre ametunts for the unkhown ecrount balance to demonstrate that the velue will equate to the fatal elven. Youknow the total asseits is $16,500 wo therefore enter. amouvts for the unknown accounts- do not locue anithing Boak as hong as the Non current anets and current atsta equal the total Asseth. You showld also apply werme bine arrourting knowledge is that your niment atorsts wech wi cish, recpiveables thou d not be ai tigh on you ficad anents sodh ai fraperty Plant and teupment or noa current masets. You do not lakety heve more money in youl kink account bhas whet vour hom or Euldive is valued at Therelore the Non curmers assets chould be a Hicher value than the Remember the Basic Accounting Equation States ASSETS = LAABILTIES + EQUITY Therefore the amount in Cell C40 should equal the amount in Cell C20
