White Cleaning Services was established by Mr. Mansoor early in 2021. On 1/1/2022, business had total assets of $ 85,000, and total liabilities of $ 17,000 During the year 2022, total revenue was $ 61,000, while total expenses amounted to $ 35,000 Also, during the year, Mr. Mansoor made an additional investment of $ 12,000 to his business. On 31/12/2022, total business assets amounted to $ 126,000. Calculate the total liabilities on 31/12/2022, Please note to insert only a number. NO signs or commas are to be used. الرجاء كتابة الرقم فقط بدون فواصل او انشارة دولار أو غيرها Answer

White Cleaning Services was established by Mr. Mansoor early in 2021. On 1/1/2022, business had total assets of $ 85,000, and total liabilities of $ 17,000 During the year 2022, total revenue was $ 61,000, while total expenses amounted to $ 35,000 Also, during the year, Mr. Mansoor made an additional investment of $ 12,000 to his business. On 31/12/2022, total business assets amounted to $ 126,000. Calculate the total liabilities on 31/12/2022, Please note to insert only a number. NO signs or commas are to be used. الرجاء كتابة الرقم فقط بدون فواصل او انشارة دولار أو غيرها Answer

Name: White Cleaning Services was established by Mr. Mansoor early in 2021.
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Description: White Cleaning Services was established by Mr. Mansoor early in 2021. On 1/1/2022, business had total assets of $ 85,000, and total liabilities of $ 17,000 During the year 2022, total revenue was $ 61,000, while total expenses amounted to $ 35,000 A

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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White Cleaning Services was established by Mr. Mansoor early in 2021. On 1/1/2022, business hac total assets of $ 85,000, and total liabilities of $ 13,000. During the year 2022, total revenue was $ 62,000, while total expenses amounted to $ 35,000. Also, during the year, Mr. Mansoor withdrew 12,000 from the business for personal use. On 31/12/2022, total business assets amounted to $ 136,000. Calculate the total liabilities on 31/12/2022. Please note to insert only a number. NO signs or commas are to be used. الرجاء كتابة الرقم فقط، بدون فواصل او اشارة دولار أو غيرها Answer:
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