Hey everyone, first post on here didn't even know this site existed till I did some googling. Looks pretty cool though!
I was hoping someone could help me understand a question i've been doing for some of my homework (im a 1st semester noob, and not sure where im going wrong here)
Everything is right except the capital account in the equity section. I realize withdrawals doesn't belong, I was just fooling around trying to figure it out at the time..
It says that the capital should be $30,790, but unfortunately doesn't say how to get that number.
what I dont understand is if you add 30,790 + 20,290 + 59,040 = 110,120
and doesn't = the total assets of 89,830
anyways, hope someone can help clear this up for me..thanks in advance...i attached a screenshot of the question.
take care,
I was hoping someone could help me understand a question i've been doing for some of my homework (im a 1st semester noob, and not sure where im going wrong here)
Everything is right except the capital account in the equity section. I realize withdrawals doesn't belong, I was just fooling around trying to figure it out at the time..
It says that the capital should be $30,790, but unfortunately doesn't say how to get that number.
what I dont understand is if you add 30,790 + 20,290 + 59,040 = 110,120
and doesn't = the total assets of 89,830
anyways, hope someone can help clear this up for me..thanks in advance...i attached a screenshot of the question.
take care,