Question
examples of assets include: a) cash, prepaid expenses, unearned revenue b) cash, account receivable, salaries expense c) cash accounts receivable, unearned revenue, revenue d) cash,
examples of assets include:
a) cash, prepaid expenses, unearned revenue
b) cash, account receivable, salaries expense
c) cash accounts receivable, unearned revenue, revenue
d) cash, accounts receivable, office supplies, accumulated depreciation
e) none of the above
Value of owners equity at the ned of January is $30,000. Calculate the value of the owners equity at the end of February, after the following transactions occurred: cash revenues $14000, cash expenses $5000, expenses on account payable in March $3000, interest on loan $1000, bought fixed assets for $20000 cash and billed travel expenses of $2000 to a credit car payable in march.
a) $27000
b) $20000
c) $53000
d) $33000
e) none of the above
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