Business, 09.03.2021 18:00 adeline12401
The total assets and liabilities of Robot Company at January 1 and December 31, 2020 are presented below.
January 1 December 31
Assets $76,000 $112,000
Liabilities 26,000 28,800
Required
Assume owner’s drawings of $10,800 were paid and no additional investment was made during the year. Revenues were $110,000. Compute expenses.
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The total assets and liabilities of Robot Company at January 1 and December 31, 2020 are presented b...
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