The accounts of Robinhood Company at the end of the past year report the following amounts: Accounts Amount Owner Withdrawals, Robinhood $ 23,000 Revenues $ 150,000 Expenses $ 66,000 Owner investments 30,000 If the beginning equity for the year was $260,000, calculate the ending equity for Robinhood Company.

The accounts of Robinhood Company at the end of the past year report the following amounts: Accounts Amount Owner Withdrawals, Robinhood $ 23,000 Revenues $ 150,000 Expenses $ 66,000 Owner investments 30,000 If the beginning equity for the year was $260,000, calculate the ending equity for Robinhood Company.

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 1.

The accounts of Robinhood Company at the end of the past year report the following amounts:

Accounts	Amount
Owner Withdrawals, Robinhood	$ 23,000
Revenues	$ 150,000
Expenses	$ 66,000
Owner investments	30,000

If the beginning equity for the year was $260,000, calculate the ending equity for Robinhood Company.

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