Lynn doyle is the owner and operator, Accounting Basics

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Lynn doyle is the owner and operator

Lynn Doyle is the owner and operator of Star LLC, a motivational consulting business. At the end of its accounting period, December 31, 2009, Star has assets of $750,000 and liabilities of $293,000. Using the accounting equation, determine the following amounts:

a. Owner's equity, as of December 31, 2009.
$ 457000

b. Owner's equity, as of December 31, 2010, assuming that assets increased by $75,000 and liabilities decreased by $30,000 during 2010.
$ need help.?

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Accounting Basics: Lynn doyle is the owner and operator

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Lynn doyle is the owner and operator

Reference No:- TGS0707901

Recent Questions Asked Accounting Basics

Q : What was the approx amt of it alleged revenu overstated

Q : Prepare the journal entry to record fogelberg

Q : Discuss the basic earnings per share of common stock

Q : Cost per equivalent unit of direct materials

Q : Lynn doyle is the owner and operator

Q : Determine the inventory balances at the end of first month

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Q : What is the times interest earned for this company

Q : What are the major components that make up their balance

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