Capital Beginning Additional Investment Profit Capital Ending Drawings 85,000.00 (20,000.00) 77,500.00 1 50,000.00 25,000.00 7,000.00 35,000.00 75,000.00 80,000.00 20,000.00 10,000.00 105,000.00 |250,000.00 75,000.00 | 200,000.00 425,000.00 38,000.00 120,000.00 250,000.00 263,000.00 2. 3. 4.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Complete the table 

Capital
Beginning
Additional
Drawings
Profit
Capital
Ending
Investment
50,000.00
25,000.00
7,000.00
85,000.00
35,000.00
75,000.00
(20,000.00) 77,500.00
3
80,000.00
20,000.00
10,000.00
| 105,000.00
4
| 250,000.00
75,000.00
200,000.00
| 425,000.00
38,000.00
120,000.00
250,000.00
263,000.00
Transcribed Image Text:Capital Beginning Additional Drawings Profit Capital Ending Investment 50,000.00 25,000.00 7,000.00 85,000.00 35,000.00 75,000.00 (20,000.00) 77,500.00 3 80,000.00 20,000.00 10,000.00 | 105,000.00 4 | 250,000.00 75,000.00 200,000.00 | 425,000.00 38,000.00 120,000.00 250,000.00 263,000.00
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education