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    soul79's Avatar
    soul79 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 31, 2010, 04:11 PM
    Balance sheet for Taylorsville Construction as on dec 31 2009
    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's Avatar
    Clough Posts: 26,677, Reputation: 1649
    Uber Member
    		  
    #2

    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/financ...-b-u-font.html

    Thanks!
    Wondergirl's Avatar
    Wondergirl Posts: 39,354, Reputation: 5431
    Jobs & Parenting Expert
    		  
    #3

    Jan 31, 2010, 09:33 PM

    I used to live in Taylorsville, NC!!

    *jumping up and down with excitement*
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
    Uber Member
    		  
    #4

    Jan 31, 2010, 09:37 PM
    Quote Originally Posted by Wondergirl View Post
    I used to live in Taylorsville, NC!!!!

    *jumping up and down with excitement*
    Oh, you poor thing! :p
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