Pennfoster
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Total Assets = Total Liabilities + Total Equities. 
 = $ 23,500 + $ 56,500 
Total Assets = $ 80,000 
Q # 2 $ 
 
 Sales 29,500 
Less: Expenses: (33,000) 
 Loss = (3,500) 
Less: Dividend paid (3.500) 
Add: Retained Earning = 65,000 
Net Income For the Company = $ 58,000 
 
2 
Q # 3 
 Salary Account 
Particulars $ Particulars $ 
Balance b/d 
Increase in Expense 
(450+600) 
0 
1,050 
Decrease in 
Expense 
Balance c/d 
175 
875 
Q # 4 
 ( Amount in $ ) 
 DR Cash 375 
 CR Supplier Account 375
This is a summary of the entire first unit in the Khan Academy AP US Government & Politics course called Foundation of American Government.
This is a summary of the reading assignment for Civics Lesson 1 assignment 1 at Penn Foster High School
Notes from the YouTube lecture for Civics Lesson 1.