For each independent situation below, calculate the missing values for owner's equity.| Beginning Balance | + Investments | - Distributions | = Ending Balance ||-------------------|---------------|-----------------|------------------|| $0 | $22,750 | $14,000 | $ [Blank] || $17,600 | $ [Blank] | $7,600 | $69,000 || $ [Blank] | $75,000 | $160,000 | $142,000 || $0 | $172,000 | $ [Blank] | $156,300 || $87,000 | $65,000 | $43,000 | $ [Blank] |- **Situation 1**: The ending balance needs to be calculated.- **Situation 2**: The investment amount is missing.- **Situation 3**: The beginning balance is missing.- **Situation 4**: The distribution amount is missing.- **Situation 5**: The ending balance needs to be calculated.To find the missing values, use the equation:\[ \text{Ending Balance} = \text{Beginning Balance} + \text{Investments} - \text{Distributions} \]

Owner's equity is the owner's right the assets of business. It refers to what is left over after substracting all liabilities from assets. Beginning Balance + Investment - Distribution = Ending Balance 0 + 22750 - 14000 = $8750 17600+ 59000-7600 = $ 69000 227000+75000-160000=$ 142000 0+ 172000 - 15700 = $156300 87000 + 65000- 43000= $109000

Business

Accounting

For each independent situation below, calculate the missing values for owner's equity. Beginning Ending Balance + Investments - Distributions = Balance $0 $22,750 $14,000 $ $17,600 $7,600 $69,000 $75,000 $160,000 $142,000 $0 $172,000 $4 $156,300 $87,000 $65,000 $43,000 %24 %24 %24

For each independent situation below, calculate the missing values for owner's equity. Beginning Ending Balance + Investments - Distributions = Balance $0 $22,750 $14,000 $ $17,600 $7,600 $69,000 $75,000 $160,000 $142,000 $0 $172,000 $4 $156,300 $87,000 $65,000 $43,000 %24 %24 %24

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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Question

100%

For each independent situation below, calculate the missing values for owner's equity.

| Beginning Balance | + Investments | - Distributions | = Ending Balance |
|-------------------|---------------|-----------------|------------------|
| $0 | $22,750 | $14,000 | $ [Blank] |
| $17,600 | $ [Blank] | $7,600 | $69,000 |
| $ [Blank] | $75,000 | $160,000 | $142,000 |
| $0 | $172,000 | $ [Blank] | $156,300 |
| $87,000 | $65,000 | $43,000 | $ [Blank] |

- **Situation 1**: The ending balance needs to be calculated.
- **Situation 2**: The investment amount is missing.
- **Situation 3**: The beginning balance is missing.
- **Situation 4**: The distribution amount is missing.
- **Situation 5**: The ending balance needs to be calculated.

To find the missing values, use the equation:
\[ \text{Ending Balance} = \text{Beginning Balance} + \text{Investments} - \text{Distributions} \]

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