Presented below is information from the statements of owner?s equity for Kerkan Consulting for the first three
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Presented below is information from the statements of owner?s equity for Kerkan Consulting for the first three years of operation. Determine the missing amounts:
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2019 2020 2021 J. Kerkan, capital, January 1 Investment in the year Profit (loss) for the year Drawings in the year J. Kerkan, capital, December 31 $ (c) 20,000 50,000 25,000 (a) 68,000 $68,000 Liabiliti o (b) 33,000 65,000 tion 17,000 12,000 (d)
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Accounting Principles Volume 1
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Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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