Question

Assets, Beginning of Period 12,000

Answer 1

Answer:

Assets and revenues are income (+) gains.

Liabilities, withdrawals and investment are outgone (-) losses.

12,000-5,000=7,000

(7,000+23,000)-9,000=21,000

21,000-10,000=11,000

11,000+99,000=110,000

Total $110,000 Gained