Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mazaya company provided the following financial information as of march 31, 2011: Revenue R.O 140,000; Retained earnings (1/4/10) R.O 79,000, Equipment R.O 40,000; Expenses R.O

Mazaya company provided the following financial information as of march 31, 2011: Revenue R.O 140,000; Retained earnings (1/4/10) R.O 79,000, Equipment R.O 40,000; Expenses R.O 125,000; cash R.O 69,000; dividends R.O 10,000; Supplies R.O 5,000; Accounts payable R.O 20,000; accounts receivable R.O 15,000; Share capital ordinary R.O 25,000; Mazayas equity on March 31, 2011 are:

  1. R.O 100,000
  2. R.O 129,000
  3. R.O 75,000
  4. R.O 95,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

CLEP Financial Accounting Study Guide

Authors: Passyourclass

1st Edition

1614330115, 978-1614330110

More Books

Students also viewed these Accounting questions