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Selected information related to a company at 31/12. The company reports financial information monthly. Accounts 3,000 Wages 16,500 payable expense Cash 9,000 Notes 25,000
Selected information related to a company at 31/12. The company reports financial information monthly. Accounts 3,000 Wages 16,500 payable expense Cash 9,000 Notes 25,000 payable Advertising 6,000 Rent 9,800 expense expense Service revenue 54,000 Accounts 13,500 receivable Equipment 29,000 Dividends 7,500 (a) Determine total assets end of year (b) Determine net income end of year (c) Determine equity end of year without taking into account the yearly movements (d) Prepare a balance sheet
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