Chris owns his own business restoring antique cars. Last year, he restored 24 cars, which he sold for $1,100,000. The parts and

Answer:

Zenith Travel Service

Owner's Equity Statement for the year concluded on August 31, 20Y4:

Equity as of September 1, 20Y3 = $456,000

Additional investment                           43,200

Retained Earnings                                 (8,400)

Drawings                                              (21,600)

Equity as of August 31, 20Y4        $469,200

Explanation:

a) Data and Calculations:

Additional investment = $43,200

Personal withdrawals = $21,600

Income Statement for the year ending August 31, 20Y4:

Fees earned                                   $899,600

Office expenses             353,800

Miscellaneous expenses 14,400

Wages expenses           539,800     908,000

Net income/Retained earnings      ($8,400)

b) The statement of owner's equity for Zenith illustrates the modifications within the equity area of its balance sheet during the financial year concluding August 31, 20Y4. Essentially, it exhibits the occurrences impacting Megan Cox's equity from September 1, 20Y3 to August 31, 20Y4.

Answer: Instant messaging allows for immediate communication via the Internet.

Explanation:

Messages are received immediately upon dispatch.

B. Control, Convenience, Litigation, Speed

The user has authority over it, it is user-friendly, can serve as evidence in legal matters, however, it can be intrusive and potentially disrupt the recipient, plus the presence functionality can only be determined after it has been sent and received.