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Question One: 1. Calculate the owner's investment from the following data: (1 Mark) Office Equipment $3250 Drawing $12,150 Truck $5,300 Cash $10,900 Unearned fees $18,500

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Question One: 1. Calculate the owner's investment from the following data: (1 Mark) Office Equipment $3250 Drawing $12,150 Truck $5,300 Cash $10,900 Unearned fees $18,500 Account Payable $15,550 Prepaid expense $22,800 Account receivable $35,000 Loan $5,000 Note Payable $10,000 Supplies return $500 2. Calculate Total Liability from the following data: (1 Mark) Building $150,500 Account Payable $88,400 Vehicle $45,450 Cash $12,200 Unearned Rent $35,000 Account receivable $9,800 Inventory $11,400 Capital $160,000 Drawing $5000 Unearned Revenue $600 Note payable $10000 3. Define two of following terms with an example if possible: (2 Mark) a) Account Receivable b) Unearned revenue c) Income statement

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