Section 1 Inclass Quiz

Section 1 Inclass Quiz - Assets 60,000 Liabilities...

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Acc 200P Name: ________________________ Lab Section #_________________ Section 1 - Role of Accounting in Business Beginning of the year: Assets $40,000 Liabilities 18,000 Owners’ Equity ? End of the year:
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Unformatted text preview: Assets 60,000 Liabilities ? Owners’ Equity 32,000 During the year: Additional issuance of capital stock 5,000 Revenues 120,000 Expenses ? Dividends 4,000...
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