lianne28
Jun 26, 2011, 12:22 AM
Please help me with this...
Please answer...
Lorna company
jan.1,2009:
Assets $ 150,000
Liabilities 100,000
Owner's equity ____________
December 31,2009:
Assets $ __________
Liabilities 110,000
Owner's equity 90,000
Owner's equity changes in year:
Additional investment __________
Drawings 20,000
Total revenue 700,000
Total expenses 670,000
Can u please tell me the answers? And how u solved it?, thank u
Please answer...
Lorna company
jan.1,2009:
Assets $ 150,000
Liabilities 100,000
Owner's equity ____________
December 31,2009:
Assets $ __________
Liabilities 110,000
Owner's equity 90,000
Owner's equity changes in year:
Additional investment __________
Drawings 20,000
Total revenue 700,000
Total expenses 670,000
Can u please tell me the answers? And how u solved it?, thank u