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Use the following information to calculate for the year ended December 31, 2020 (a) net income, (b) ending owner's equity, and (c) total assets. Supplies
Use the following information to calculate for the year ended December 31, 2020 (a) net income, (b) ending owner's equity, and (c) total assets.
Supplies | $ 4,300 | Revenues | $27,600 | ||||
Operating expenses | 12,300 | Cash | 16,300 | ||||
Accounts payable | 11,600 | Drawings | 2,300 | ||||
Accounts receivable | 4,300 | Notes payable | 3,300 | ||||
Beginning Capital | 6,300 | Equipment | 9,300 |
(a) | Net income | $ | ||
(b) | Ending owners equity | $ | ||
(c) | Total assets | $ |
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