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acct_1-4_Brief Accounting solutions




Question;Use the expanded accounting equation to;answer each of the following questions.(a) The liabilities of Roman Company are $90,000. Owner?s capital;account is $150,000, drawings are $40,000, revenues, $450,000, and expenses;$320,000. What is the amount of Roman Company?s total assets?;b);The total assets of Dylan Company are $57,000. Owner?s capital account is;$25,000, drawings are $7,000, revenues, $52,000, and expenses, $35,000. What is;the amount of the company?s total liabilities;(c);The total assets of Capp Co. are $600,000 and its;liabilities are equal to two-thirds of its total assets. What is the amount of;Capp Co.?s owner?s equity


Paper#37219 | Written in 18-Jul-2015

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