The following information relates to Zync Inc. Calculate the ending balance of assets on December 31,...
The following information relates to Zync Inc. Calculate the
ending balance of assets on December 31, 20Y7.
| Opening balance of cash on January 1, 20Y7 | $4,000 |
| Net increase in cash during the year | $1,500 |
| Opening balance of equipment on January 1, 20Y7 | $7,000 |
| Equipment purchased during the year | $4,500 |
| Depreciation on equipment | $1,000 |
a.$10,000
b.$9,500
c.$12,000
d.$16,000
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The following information relates to Zync Inc. Calculate the
ending balance of assets on December 31,...
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