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PART C-THINKING [4 MARKS] 4. Summaries of information from the balance sheets and income statements for two different companies are provided below, with several
PART C-THINKING [4 MARKS] 4. Summaries of information from the balance sheets and income statements for two different companies are provided below, with several amounts missing. Determine the missing amounts. [4 Marks] Beginning of year CAMPUS CLEANING Total assets $ 9,500 Total liabilities a. Total owner's equity 4,300 End of year: MILLENIUM SALES $134,000 63,900 C. Total assets 11,000 165,000 Total liabilities 5,600 69,900 Total owner's equity 4,400 95,100 Changes in owner's equity: Investments b. 10,000 Drawings 12,000 60,000 Total revenues 51,000 d. Total expenses 41,800 215,000
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