Question one:

1. Calculate the owners investment from the following data:

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:

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