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number 51 please 50. Simith & Wams Nocouming Service had insome and expenses for the year as follews: mecounting fecs earbed. 5763,200 ; sataries. expense.

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50. Simith \& Wams Nocouming Service had insome and expenses for the year as follews: mecounting fecs earbed. 5763,200 ; sataries. expense. \$423,900; rent expente, 560,500 , atilitios expente. 514. 700;depreciation evpense on wifice equipment, 51,400 of ofice rupplies expenae, 51,400 in inarance expenaes 54,700 . Deteminie (a) total revenue (b) totst evpenies. and (e) net inceme 51. Erigh Eingimering, a sale proprietoritip had assets and liabilitics as foliows: caih, 532,600 , accounts payable. 548,100 ; store cquipment, 552,000 less accumulated depreciation of 513,500 ; accounts recelvable, $42,200, notes payable, $5,000, prepald expenses, 5500 . Determine (a) total assets, (b) total liabilities, and (c) owner's equity. 72 Homework Assignments

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