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Exercise 1.1A: PA12 - GROUP 3 - PE - CH1
Exercise 1.1A: PA12 - GROUP 3 - PE - CH1
Exercise 1.1A: PA12 - GROUP 3 - PE - CH1
Exercise 1.1A
a,
Shep Company
Add:
Investment 3,000
Net loss
b,
Shep Company
Add:
Investment 15,000
Net income = 45,000 - 28,000 - 15,000 = 2,000
45,000
Less:
Withdraw by owner 0
Net loss
c,
Shep Company
Add:
Investment 0
Less:
Net loss
Exercise 1.2A
b -$40,000 +$40,000 =
c -$15,000 +$15,000 =
e -$500 = -$500
f +$2,800 = +$2,800
g +$4000 = +$4,000
h -$3,275 = -$3,275
i +$1,800 -$1,800 =
j -$700 = -$700
k -$1800 = -$1,800
$83,425 = $83,425
b,
Net income = Revenues - Expenses
= $6,800 - $2,300
= $4,500