How much did the owner contribute

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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)?

Reference no: EM132605823

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