Chapter 5 final Questions

6. A partially completed summary of financial data is given below. The data pertain to the fundamental accounting equation for Dave Campos over a period of two years. Assets Liabilities Equity End of 20-1 $27 400 End of 20-2 $19 300 In your Workbook, fill in the missing figures, given that 1. revenues for 20-2 are $42 000 2. expenses for 20-2 are $22 000 3. drawings for 20-2 are $18 000 4. the assets decreased by $5000 from the end of 20-1 to the end of 20-2