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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Preparation and Integration of Financial Statements
e11A. Complete the financial statements that follow by determining the amounts that correspond to the letters. (Assume no new investments by owners.)
Â
Â
Income Statement
Â
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Revenues                                                                                 $11,100
Expenses                                                                                         (a)
Net income                                                                              $     (b)
Statement of owner’s equity
Â
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Beginning balance                                                                 $29,000
Net income                                                                                       (c)
Less withdrawals                                                                    2,000
Ending balance                                                                       $30,000
Balance Sheet
Â
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Total assets                                                                             $     (d)
![]()
Total liabilities                                                                        $16,000
Owner’s equity (T. Proviso, capital)                                               (e)
Total liabilities and owner’s equity                                      $      (f )
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