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Calculate the amount of the missing item in each of the following independent cases: Equity, January 1 Owner's investments during the year Profit (loss) for the year Owner's withdrawals during the year Equity, December 31 $ $ 0 $ 62,000 17,750 b 0 $ 32,500 (29,000) 58,000 $ 50,500 0 $ 33,500 (4,700) (22,000) $ d 39,500 142,000 (8,200) (16,750) (65,000) 34,000 $173,000

Calculate the amount of the missing item in each of the following independent cases: Equity, January 1 Owner's investments during the year Profit (loss) for the year Owner's withdrawals during the year Equity, December 31 $ $ 0 $ 62,000 17,750 b 0 $ 32,500 (29,000) 58,000 $ 50,500 0 $ 33,500 (4,700) (22,000) $ d 39,500 142,000 (8,200) (16,750) (65,000) 34,000 $173,000

FINANCIAL ACCOUNTING
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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Calculate the amount of the missing item in each of the following independent cases: Equity, January 1 Owner's investments during the year Profit (loss) for the year Owner's withdrawals during the year Equity, December 31 S $ a 0 62,000 17,750 $ 58,000 $ b 0 S 32,500 (29,000) 50,500 C 0 33,500 (4,700) (22,000) $ $ d 39,500 (16,750) 34,000 142,000 (8,200) (65,000) $173,000
Transcribed Image Text:Calculate the amount of the missing item in each of the following independent cases: Equity, January 1 Owner's investments during the year Profit (loss) for the year Owner's withdrawals during the year Equity, December 31 S $ a 0 62,000 17,750 $ 58,000 $ b 0 S 32,500 (29,000) 50,500 C 0 33,500 (4,700) (22,000) $ $ d 39,500 (16,750) 34,000 142,000 (8,200) (65,000) $173,000
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