Assets, Beginning of Period 12,000

Liabilities, Beginning of Period 5,000

Assets, End of Period 23,000

Liabilities, End of Period 9,000

Investment by Owner 10,000

Revenues 99,000

Withdrawals by Owner 0

Solve for the expenses incurred during the period.

Question

Max

Mathematics

6 December, 15:33

Assets, Beginning of Period 12,000

Liabilities, Beginning of Period 5,000

Assets, End of Period 23,000

Liabilities, End of Period 9,000

Investment by Owner 10,000

Revenues 99,000

Withdrawals by Owner 0

Solve for the expenses incurred during the period.

+1

Answers (1)

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Joy · Answer 1

Assets and revenues are income (+) gains.

Liabilities, withdrawals and investment are outgone (-) losses.

12,000-5,000=7,000

(7,000+23,000) - 9,000=21,000

21,000-10,000=11,000

11,000+99,000=110,000

Total $110,000 Gained

Assets, Beginning of Period 12,000Liabilities, Beginning of Period 5,000Assets, End of Period 23,000Liabilities, End of Period 9,000Investment by Owner 10,000Revenues 99,000Withdrawals by Owner 0Solve for the expenses incurred during the period.

Assets, Beginning of Period 12,000

Liabilities, Beginning of Period 5,000

Assets, End of Period 23,000

Liabilities, End of Period 9,000

Investment by Owner 10,000

Revenues 99,000

Withdrawals by Owner 0

Solve for the expenses incurred during the period.