Reference no: EM132494340
Question - Assets Liabilities Beginning of Year: $28,000 $15,000 End of Year: $61,000 $25,000.
Q1) What is the equity at the beginning of the year?
Q2) What is the equity at the end of the year?
Q3) If the owner contributes $7,400 and the owner withdraws $41,300, how much is net income (loss)?
Q4) If net income is $2,600 and owner withdrawals are $9,600, how much did the owner contribute (owner, capital)?
Q5) If the owner contributes $17,800 and net income is $19,900, how much did the owner withdraw (owner, withdrawals)?
Q6) If the owner contributes $42,000 and the owner withdraws $3,300, how much is net income (loss)?
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