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Annie Rasmussen is the owner and operator of Go 4 4 , a motivational consulting business. At the end of its accounting period, December 3
Annie Rasmussen is the owner and operator of Go a motivational consulting business. At the end of its accounting period, December Go has assets of $ and liabilities of $ This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
Open spreadsheet
Using the accounting equation and considering each case independently, determine the following amounts. Round your answers to the nearest dollar.
a Capital as of December Y
$
b Capital as of December Y assuming that assets increased by $ and liabilities increased by $ during
$
c Capital as of December Y assuming that assets decreased by $ and liabilities increased by $ during
$
d Capital as of December Y assuming that assets increased by $ and liabilities decreased by $ during
$
e Net income or net loss during Y assuming that as of December Y assets were $ liabilities were $ and no additional common stock was issued or dividends paid.
$
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