Shane Sunland Began A Business Sunland Company On January 1 2021 With An Investment Of 105 000 The Company Had The 1 (33.72 KiB) Viewed 65 times
Shane Sunland Began A Business Sunland Company On January 1 2021 With An Investment Of 105 000 The Company Had The 2 (31.99 KiB) Viewed 65 times
Shane Sunland began a business, Sunland Company, on January 1, 2021. with an investment of $105,000. The company had the following assets and liabilities on the dates indicated: December 31 Total Assets Total Liabilities $200,000 2021 $355,000 2022 440,000 285,000 2023 535,000 310,000 Use the accounting equation and the change in owner's equity during the year to calculate the profit (or loss) for: (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (451) (a) 2021, assuming Shane Sunland's drawings were $50,000 for the year. Profit/(Loss) $ (b) 2022, assuming Shane Sunland made an additional investment of $51.000 and had no drawings in 2022 Profit/(Loss) $
Use the accounting equation and the change in owner's equity during the year to calculate the profit (or loss) for: (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45) (a) 2021, assuming Shane Sunland's drawings were $50,000 for the year. Profit/(Loss) $ (b) 2022, assuming Shane Sunland made an additional investment of $51.000 and had no drawings in 2022 Profit/(Loss) $ (c) 2023, assuming Shane Sunland made an additional investment of $10,000 and his drawings were $40,000 for the year. Profit/(Loss) $ e Textbook and Media Attempts: 1 of 3 used Submit Answer Sorter
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