Question
QUESTION 3 (3 + 1 = 4 marks) Goldman Corporation provided you with the following information for the month of January 2021: Total assets on
QUESTION 3 (3 + 1 = 4 marks)
Goldman Corporation provided you with the following information for the month of January 2021:
| Total assets on 1st January 2021 | $230,000 |
| Total liabilities on 1st January 2021 | $120,000 |
| Total cash inflows for the month of January 2021 | $85,000 |
| Total assets on 31st January 2021 | $250,000 |
| Total revenues for the month of January 2021 | $130,000 |
| Total expenses for the month of January 2021 | $90,000 |
| Total cash at bank on 31st January 2021 | $77,500 |
| The owners contributed additional $30,000 capital to the business on 9th January 2021. | |
| The owners took home some office supplies worth $1,000 for personal use on 26th January 2021. | |
Required:
Calculate Goldman Corporations TOTAL OWNERS EQUITY on 31st January 2021.
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Forensic Analytics Methods And Techniques For Forensic Accounting Investigations
Authors: Mark J. Nigrini
2nd Edition
1119585767, 9781119585763
