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Accounting Equation Kendra Gorman is the owner and operator of Mega concepts has assets of $1,250,000 and liabilities of $475,000. Using the accounting equation and
Accounting Equation
Kendra Gorman is the owner and operator of Mega concepts has assets of $1,250,000 and liabilities of $475,000. Using the accounting equation and considering each case independently determine the following ampunt.
A. Kendra Gorman capital as of december 31,2013 is 775000.
B. Kendra Gorman capital as of December 31, 2014, assuming that assets decreased by 300,000 and liabilities jncreased by 90,000 during 2014. $ _______________.
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