Reference no: EM132605823
Assets Liability
Beginning of Year: $29,000 $18,000
End of Year: $64,000 $28,000
Question 1: If the owner contributes $7,200 and the owner withdraws $39,000, how much is net income (loss)?
Question 2: If net income is $2,800 and owner withdrawals are $9,500, how much did the owner contribute (owner, capital)?
Question 3: If the owner contributes $15,100 and net income is $17,500, how much did the owner withdraw (owner, withdrawals)?
Question 4: If the owner contributes $43,500 and the owner withdraws $2,800, how much is net income (loss)?
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