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A partially completed summary of financial data is given below.

The data pertain to the fundamental accounting equation for Dave Ca...

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A partially completed summary of financial data is given below.

The data pertain to the fundamental accounting equation for Dave Campos over the period of 2 years.
End Of 2011: Assets = _____, Liabilities = $27 400 and Equity = _____ End Of 2012: Assets = _____, Liabilities = _____ and Equity = $19 300 Fill in the blanks given
1. revenues for 2012 are $42 000
2. expenses for 2012 are $22 000
3. drawings for 2012 are $18 000
4. the assets decreased by $5000 from the end of 2011 to the end of 2012.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 97 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 112 views.

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