Accounting Question

Anonymous
timer Asked: Nov 10th, 2016

Question description

Capital Section of a Classified Balance Sheet? Accounting homework help!?

Scenario 1:

J. Do, Capital
Balance, January 1st 2015: $720 000
Revenues: $450 000
Expenses: $310 000
Drawings: $30 000
Balance, December 31st 2015: ?

Scenario 2:
S. Shaw, Capital
Balance, January 1st 2015: $1 420 000
Revenues: $810 000
Expenses: $960 000
Drawings: $56 000
Balance, December 31st 2015: ?

Scenario 3:
M. Crawford, Capital
Balance, January 1st 2015: $220 000
Revenues: $290 000
Expenses: $270 000
Drawings: $20 000
Balance, December 31st 2015: ?

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