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View Full Version : Balance sheet for Taylorsville Construction as on dec 31 2009


soul79
Jan 31, 2010, 04:11 PM
Assets Liabilities and Owners Equity

Cash 153,600 Buildings 512,000
Accounts payable 74,300 Accounts recievable 113,500
Land 90,000 Owners Equity 1/1/09 314,300
Distribution to Owners 48,100
Supplies 4,250
Mortgage payable 423,400
Owners Equity 12/31/09 1,101,250 (?)

Total Assets = 317,900

What is Owners Equity 12/31/09?

Clough
Jan 31, 2010, 09:21 PM
Hi, soul79!

I'm assuming that this is homework. Is it?

If so, are you looking for a direct answer to your question or for someone to show you how to come up with the answer yourself, please?

If the former in the above statement is true, please click on the following link.

https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html

Thanks!

Wondergirl
Jan 31, 2010, 09:33 PM
I used to live in Taylorsville, NC!!

*jumping up and down with excitement*

Clough
Jan 31, 2010, 09:37 PM
I used to live in Taylorsville, NC!!!!

*jumping up and down with excitement*

Oh, you poor thing! :p