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End of Chapter Exercise 1.5 Below are incomplete financial statements for Road Ltd. Calculate the missing amounts. Assets Cash Inventory Property Road Ltd Statement of
End of Chapter Exercise 1.5 Below are incomplete financial statements for Road Ltd. Calculate the missing amounts. Assets Cash Inventory Property Road Ltd Statement of financial position Liabilities and equity. $11,250 Liabilities 14,860 Accounts payable 81,120 Equity $25,550 Contributed equity (a) Retained earnings Total liabilities and equity Total assets $107,230 (b) $107,230 Statement of profit or loss Revenues Cost of sales Administrative expenses, including tax $208,660 (c) 14,640 Profit (d) Statement of changes in equity Reginning retained earnings $13,150 Statement of profit or loss Revenues $208,660 Cost of sales Administrative expenses, including tax (c) 14,640 Profit (d) Statement of changes in equity Beginning retained earnings $13,150 Profit Dividends Ending retained earnings (e) (7,280) $44,750 Click if you would like to Show Work for this question: Open Show Work
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