Question
I NEED HELP ASAP !!! Answer the following questions. For money amounts, round your answer to the nearest dollar. Do not include $. Do not
I NEED HELP ASAP !!!
Answer the following questions. For money amounts, round your answer to the nearest dollar. Do not include $. Do not use comma separators. Do not use negative numbers nor brackets. For example, 123456 would be the correct format.
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At 1st July 2020, Kens Cupcake had assets and liabilities worth $88,000 and $57,000 respectively. At 30th June 2021, the assets and liabilities of Kens Cupcake were $97,000 and $63,000 respectively.
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(1 mark) Kens capital balance on 1st July 2020 is $Answer.
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(1 mark) Kens capital balance on 30th June 2021 is $Answer.
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(2 marks) If Ken did not make any capital contributions or withdraw any money from the business, he made a Answerprofitloss of $Answer (input a positive number) for the year ended 30 June 2021.
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(2 marks) At 1st July 2020, Kens Cupcake had assets and liabilities worth $88,000 and $57,000 respectively. At 30th June 2021, the assets and liabilities of Kens Cupcake were $97,000 and $63,000 respectively.
If Ken had contributed $5,000 during the financial year, he made a Answerprofitloss of $Answer (input a positive number) for the year ended 30 June 2021.
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(2 marks) At 1st July 2020, Kens Cupcake had assets and liabilities worth $88,000 and $57,000 respectively. At 30th June 2021, the assets and liabilities of Kens Cupcake were $97,000 and $63,000 respectively.
If Ken had contributed $8,000 and withdrawn $10,000 during the financial year, he made a Answerprofitloss of $Answer (input a positive number) for the year ended 30 June 2021.
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