ACTIVITYNO. 1.
Computer (700).
Van (20,000).
Member contributions ?
You must determine the value of the partners' contributions for the
fundamental equity equation to be satisfied:
ASSETS LIABILITIES
29365 = 29365
ACTIVITY NO. 2.
A toy store has the following expenses and revenues as a result of its
business activity at the end of the fiscal year:
Determines :
= 4100 – 5950
= - 1850
1. + Operating income
(700) sales of merchandise 4000
(610) change in merchandise inventories 100
2. - Operating expenses
(600) purchases of goods 1500
(628) supplies 500
(640) wages and salaries 3000
(642) social security payable by the company 450