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Below are the balances for some of the accounts for Linh Do Accounting Business as shown at the end of the financial year 2023. Calculate
Below are the balances for some of the accounts for Linh Do Accounting Business as shown at the end of the financial year 2023.
Calculate the Total Equity at 30 June 2023.
Accounts receivable | 40,117 |
Contributed Capital | 409,129 |
Sales Revenue | 415,493 |
Equipment | 80,967 |
Unearned Sales Revenue | 19,826 |
Dividends | 11,518 |
Cost of sales | 55,248 |
Accounts payable | 24,970 |
Salary payable | 17,909 |
Operating expenses | 17,584 |
Retained earnings, 30 June 2023 | 257,337 |
Retained earnings, 30 June 2022 | 182,147 |
Bank loan | 38,361 |
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