Problem related to liabilities


Problem:

Fill in missing values (A-L) for four not-for-profit clinics.

Pittman    Rose    Beckman    Jaffe
Dec 31, 2006
Assets    $80,000    100,000    g    150,000
Liabilities    50,000    d    75,000    j
Equity    a    60,000    45,000    90,000

December 31, 2007
Assets    b    130,000    180,000    k
Liabilities    55,000    62,000    h    80,000
Equity    45,000    c    110,000    145,000

During 2007
Total revenues    c    400,000    i    500,000
Total expenses    330,000    f    360,000    L.

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Accounting Basics: Problem related to liabilities
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