Please answer the questions after opening the attached screenshot! I need answers for the bold blank spaces you will see in the excel sheet. AutoSave105-OE-STATEMENT (1)OFFHomeInsertDrawPage LayoutFormulasDataReviewViewTell meShareCommentsCalibri (Body)A^ Aab11Wrap Text vGeneralen v A$ v % 9.00Conditional FormatDeleteFormatFind &SelectPasteUMerge & Center vCellInsertSort &Ideas.00Formatting as TableStylesFilterK33fxAВCDFHJKOn October 31, Karnak Company had assets of $100,000 and liabilities of $75,000.The beginning Capital on October 1 was $14,000. During October, the company earned revenues of$28,000 and incurred expenses of $15,000. The owner withdrew $2,000 cash during the month.Fill in the figures in the following diagram.810111213ASSETSLIABILITIESOWNER'S EQUITY1415Beginning Capital16+ Net Income17Subtotal18- Drawings19 TOTALS:Ending Capital+2021222324ALT-OE-STATEMENT++243%

The Owners’s Equity is the share of ownership of the owner of the business from total assets after…

On October 31, Karnak Company had assets of $100,000 and liabilities of $75,000. The beginning Capital on October 1 was $14,000. During October, the company earned revenues of $28,000 and incurred expenses of $15,000. The owner withdrew $2,000 cash during the month. Fill in the figures in the following diagram. ASSETS LIABILITIES OWNER'S EQUITY Beginning Capital + Net Income Subtotal - Drawings ТОTALS: Ending Capital %3D

On October 31, Karnak Company had assets of $100,000 and liabilities of $75,000. The beginning Capital on October 1 was $14,000. During October, the company earned revenues of $28,000 and incurred expenses of $15,000. The owner withdrew $2,000 cash during the month. Fill in the figures in the following diagram. ASSETS LIABILITIES OWNER'S EQUITY Beginning Capital + Net Income Subtotal - Drawings ТОTALS: Ending Capital %3D

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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