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| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Accounting Equation Annie Rasmussen is the owner and operator of Go44, a motivational consulting business. At the end of its accounting period, December 31, 2018, Go44 has assets of $720,000 and liabilities of $180,000. Using the accounting equation and considering each case independently, determine the following amounts: a. Annie Rasmussen, capital, as of December 31, 2018. $338.100 b. Annie Rasmussen, capital, as of December 31, 2019, assuming that assets increased by $96, 500 and liabilities increased by $30,000 during 2019. $411.740 c. Annie Rasmussen, capital, as of December 31, 2013, assuming that assets decreased by $168,000 and liabilities increased by $15,000 during 2019. $3, 250, 30
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