4. Using the following business transactions, compute for the proprietor's capital. • The proprietor invested 5,000,000 cash in the business. The proprietor invest a typewriter valued at 250,000. • The proprietor took 200,000 out of the business as a permanent reduction in investment. The proprietor purchased supplies for the business, paying for the supplies with 75,000 in cash from the business. • The proprietor purchased an adding machine for 50,000, paying with cash from the business.

4. Using the following business transactions, compute for the proprietor's capital. • The proprietor invested 5,000,000 cash in the business. The proprietor invest a typewriter valued at 250,000. • The proprietor took 200,000 out of the business as a permanent reduction in investment. The proprietor purchased supplies for the business, paying for the supplies with 75,000 in cash from the business. • The proprietor purchased an adding machine for 50,000, paying with cash from the business.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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