Question
Question . Selected data from the 2001 financial statements of Townsend Landscaping are presented below in random order: Liabilities at the end of the year
Question. Selected data from the 2001 financial statements of Townsend Landscaping are presented below in random order:
Liabilities at the end of the year $163,000
Additional investments by the owner during the year 12.000
Assets at the beginning of the year 325,000 Drawings by the owner during the year 28,500
Net Income for the year 52,600
Capital at the beginning of the year 118,000
Total revenue for the year 433,800
Required: Calculate the following: (a) Assets at the end of the year _______________
(b) Liabilities at the beginning of the year _______________
(c) Capital at the end of the year _______________
(d) Total expenses for the year _______________
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