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Berwick Company compiled the following financial information as of December 31, 2008 Revenues Berwick, Capital (1/1/08) Equipment Expenses Cash Berwick, Drawings Supplies Accounts payable Accounts
Berwick Company compiled the following financial information as of December 31, 2008 Revenues Berwick, Capital (1/1/08) Equipment Expenses Cash Berwick, Drawings Supplies Accounts payable Accounts receivable $140,000 105,000 40,000 125,000 35,000 10,000 5,000 20,000 15,000 10. Berwick's assets on December 31, 2008 are a. $235,000. b. $170,000. c. $80,000. d $95,000. 11. Berwick's owner's equity on December 31, 2008 is a. $105,000. b. $110,000. c. $80,000 d. $120,000
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