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Missing amounts from balance sheet and income statement data

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Reference no: EM131769763

Missing Amounts from Balance Sheet and Income Statement Data

One item is omitted in each of the following summaries of balance sheet and income statement data for the following four different proprietorships.

Enter the missing amounts. (Hint: First determine the amount of increase or decrease in owner's equity during the year.)

  Aquarius Libra Scorpio Taurus
 Beginning of the year:        
Assets $325,800 $374,700 $156,400  
Liabilities 195,500 194,800 118,900 $177,400
 End of the year:        
Assets 404,000 524,600 140,800 366,600
Liabilities 175,900 164,900 125,100 201,000
 During the year:        
Additional investment in the business   74,900 15,600 59,100
Withdrawals from the business 22,800 22,500   86,700
Revenue 107,500   180,000 165,600
Expenses 58,600 97,400 192,400 189,200

Reference no: EM131769763

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