Question
hi, can you please help me answer this question the total of revenue is $40,631, the total of owner's equity is $30,531. please show me
hi, can you please help me answer this question the total of revenue is $40,631, the total of owner's equity is $30,531. please show me the calculates on the balance sheet. the assets include cash $25200,, account receivable $6900, supplies $2000,withdraws $101,00, prepaid insurance $1000, equipment $10,000, the liabilities are salary payable $900, interest payable $167, accounts payable $5000, notes payable $20000, unearned revenue $3000, add the ending capital from the owner's equity which was $30,531. also, subtract equipment by $10,000 - $2167.and add it in the equipment section in the balance sheet. l am very confused when calculating the balance sheet.
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