Chapter 5 final questions End of Year I End of Year 2 End of Year 3 End of Year 4 Assets 100 120 130 5 With the expanded ledger, the accounting equation now appears as shown below In your Workbook, complete the schedule by filling in the rectangles with the correct figures for Penny Company over a four year period (Hint Ending capital from one year becomes the beginning capital for the next year ) Beginning Liabilities Revenues Expenses Drawings Capital 20 70 60 45 5 30 90 60 105 80 20 30 95 110 1 LILI 111 10

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Chapter 5 final questions End of Year I End of Year 2 End of Year 3  End of Year 4 Assets 100 120 130 5  With the expanded ledger, the accounting equation now appears as shown below  In your Workbook, complete the schedule by filling in the rectangles with the correct figures for Penny Company over a four  year period  (Hint  Ending capital from one year becomes the beginning capital for the next year ) Beginning   Liabilities      Revenues Expenses   Drawings Capital 20   70   60 45 5 30     90 60     105 80 20 30 95     110                   1 LILI 111 10

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Chapter 5 final questions End of Year I End of Year 2 End of Year 3. End of Year 4 Assets 100 120 130 5.

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