ryocum
Jan 27, 2013, 03:28 PM
I have been asked to find the Liabilities in the previous year 2010 that is not given only assets. How would I calculate this?
2010 Assets 125,580
2010 Liabilities ?
2011 Assets 135,240
2011 Liabilities 106,839
Owner Investment 6,500
Net Income 7,785
Owner Draw 11,000
2010 Assets 125,580
2010 Liabilities ?
2011 Assets 135,240
2011 Liabilities 106,839
Owner Investment 6,500
Net Income 7,785
Owner Draw 11,000