A Crew of Four Worked 33 Hours, 18 Hours, 19

question 2

Short Answer

A crew of four worked 33 hours, 18 hours, 19 hours, and 40 hours. What is the total number of hours worked?

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Definitions:

Economic Events

Transactions and occurrences that have a direct impact on the financial position of a company, including buying, selling, and financing activities.

Recording

The process of documenting financial transactions in the accounting records of a business.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities.

Drawings

Withdrawals of cash or other assets from a company by its owner(s) for personal use, reducing the capital account.