Apartially completed summary of financial data is given below. the data pertain to the fundamental accounting equation for dave campos over the period of 2 years.
end of 2011: assets = liabilities = $27 400 and equity =
end of 2012: assets = liabilities = and equity = $19 300
fill in the blanks given that:
1. revenues for 2012 are $42 000
2. expenses for 2012 are $22 000
3. drawings for 2012 are $18 000
4. the assets decreased by $5000 from the end of 2011 to the end of 2012.