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Homework answers / question archive / The data is extracted from the books of Mystery Mountain Lodge at December 31, 2001: Equipment Rs
The data is extracted from the books of Mystery Mountain Lodge at December 31, 2001:
|
Equipment |
Rs. 29,200 |
Buildings |
Rs. 450,000 |
|
Land |
45,000 |
Owner’s capital at start |
? |
|
Accounts payable |
54,800 |
Cash |
21,400 |
|
Accounts receivable |
10,600 |
Furnishings |
58,700 |
|
Accumulated Depreciation |
10300 |
Sales |
255000 |
|
Salaries payable |
33,500 |
Snowmobiles |
15,400 |
|
Gross Profit |
75000 |
Notes payable |
490000 |
|
Interest payable |
12,000 |
Income |
21000 |
|
Owners capital at end |
411000 |
Purchases |
85000 |
Requirement:
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