Accounting Equation Penny Lyman is the owner and operator of Go109, a motivational consulting business. At the end of its accounting period, December 31, 20Y1, Go109 has assets of $851,640 and liabili Accounting Equation Penny Lyman is the owner and operator of Go109, a motivational consulting business. At the end of its accounting period, December 31, 20Y1, Go109 has assets of $851,640 and liabilities of $269,120. Using the accounting equation and considering each case independently, determine the following amounts. a.Penny Lyman, capital, as of December 31, 20Y1.$fill in the blank 1b.Penny Lyman, capital, as of December 31, 20Y2, assuming that assets increased by $134,560 and liabilities increased by $80,910 during 20Y2.$fill in the blank 2c.Penny Lyman, capital, as of December 31, 20Y2, assuming that assets decreased by $67,280 and liabilities increased by $23,850 during 20Y2.$fill in the blank 3d.Penny Lyman, capital, as of December 31, 20Y2, assuming that assets increased by $112,420 and liabilities decreased by $42,580 during 20Y2.$fill in the blank 4e.Net income (or net loss) during 20Y2, assuming that as of December 31, 20Y2, assets were $1,073,070, liabilities were $174,590, and there were no additional investments or withdrawals.$fill in the blank 5
It is very important as a professional in the accounting field to stay up to date on the key topics being addressed by the PCAOB (Public Company
It is very important as a professional in the accounting field to stay up to date on the key topics being addressed by the PCAOB (Public Company Accounting Oversight Board), including findings of its most recent inspections of public company audits. The major emphasis in this module is on auditing