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Accounting Equation Penny Lyman is the owner and operator of Go109, a motivational consulting business. At the end of its accounting period, December 31, 20Y1,
Accounting Equation Penny Lyman is the owner and operator of Go109, a motivational consulting business. At the end of its accounting period, December 31, 20Y1, G0109 has assets of $856,540 and liabilities of $270,670. Using the accounting equation and considering each case independently, determine the following amounts. a. Penny Lyman, capital, as of December 31, 20Y1. b. Penny Lyman, capital, as of December 31, 20Y2, assuming that assets increased by $135,330 and liabilities increased by $81,370 during 20Y2. c. Penny Lyman, capital, as of December 31, 20Y2, assuming that assets decreased by $67,670 and liabilities increased by $23,980 during 20Y2. d. Penny Lyman, capital, as of December 31, 20Y2, assuming that assets increased by $113,060 and liabilities decreased by $42,830 during 20Y2. e. Net income (or net loss) during 20Y2, assuming that as of December 31, 20Y2, assets were $1,079,240, liabilities were $175,590, and there were no additional investments or withdrawals. 00000 Penny Lyman is the owner and operator of Go109, a motivational consulting business. At the end of its accounting period, December 31 , 20y, Go109 has assets of $956,540 and liabilities of $270,670. Using the accounting equation and considering each case independently, deternine the following amounts. a. Penny Lyman, capital, as of December 31,20y1. b. Penny Lyman, capital; as of December 31, 20Y2, assuming that assets increased by $135,330 and liabilities increased by $81,370 during 20rz. c. Penny Lyman, capital, as of December 31,2012 , assuming that assets decreased by $67,670 and liabilities increased by $23,980 during 20Y2. d. Penny Lyman, capital, as of December 31,20Y, assuming that assets increased by $113,060 and liabilities decreased by $42,830 during 20Y2. e, Net income (or net los5) during 20Y2, assuming that as of December 31,2042, as5ets were $1,079,240, liabilities were $175,590, and there were no additional investments or withdow wals
Accounting Equation Penny Lyman is the owner and operator of Go109, a motivational consulting business. At the end of its accounting period, December 31, 20Y1, G0109 has assets of $856,540 and liabilities of $270,670. Using the accounting equation and considering each case independently, determine the following amounts. a. Penny Lyman, capital, as of December 31, 20Y1. b. Penny Lyman, capital, as of December 31, 20Y2, assuming that assets increased by $135,330 and liabilities increased by $81,370 during 20Y2. c. Penny Lyman, capital, as of December 31, 20Y2, assuming that assets decreased by $67,670 and liabilities increased by $23,980 during 20Y2. d. Penny Lyman, capital, as of December 31, 20Y2, assuming that assets increased by $113,060 and liabilities decreased by $42,830 during 20Y2. e. Net income (or net loss) during 20Y2, assuming that as of December 31, 20Y2, assets were $1,079,240, liabilities were $175,590, and there were no additional investments or withdrawals. 00000
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