Question: I cannot figure out how my teacher got this answer. Please help. Asstes = Liabilites + Owners Capital - Owners Withdraw + revenues -expenses 71,288

I cannot figure out how my teacher got this answer. Please help.

Asstes = Liabilites + Owners Capital - Owners Withdraw + revenues -expenses

71,288 = 2,260 + ??? - 14,420 + 53,085 - 28,675 He came up with $59, 038 as the answer for the Owners Capital. For the life of me, I can't figure out how. Please advise. Thanks!

How do I find the Owners Capital?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

I cannot figure out how my teacher got this answer. Please help. Asstes = Liabilites + Owners Capital - Owners Withdraw + revenues -expenses 71,288 = 2,260 + ??? - 14,420 + 53,085 - 28,675 He came up...

Hi , I have done all the journals and entires in general ledgers as well as subsidiary (subsidairy is matching . problem is in unadjusted trial balance which is not matching please help where my...

The objective of the Homework assignment is to provide an opportunity to apply or practice the tools and techniques covered in the course and to provide an opportunity to articulate key concepts...

See page 129- 137 on attachment for more details there are five steps to the project. Step 1: Create the loan amortization schedule for the property. Step 2: Create the depreciation schedule. Step 3:...

write a page answer the questions, references the accounting code As the CFO of General Dynamo, you are very excited as you have just completed the negotiations related to the purchase of Apex...

Using the information provided below please help me answer the following questions: My company is Andrews and my product is able Your Product Pay particular attention to the sections on the low-tech...

can any expert help me with the below assignment just only 2 questions ,please read the requirment word by word and be careful about the style of the reference(APA) , file 3.1 is for question...

answer this workbook please : https://ccnymailcuny-my.sharepoint.com/:x:/g/personal/malam008_citymail_cuny_edu/EQNuFz9ESMBBi1zuzV0w9uYB2I2aaFXcclMlPPc6JndcLQ?e=12fYP0 18 19 Horizontal Analysis 0...

just only 2 questions ,please read the requirment word by word and be careful about the style of the reference(APA) , file 3.1 is for question 2..BTW,please focus the every step FINANCE SPOTLIGHT...

Kelly won the lottery. As a lottery winner, she has the choice of either taking an immediate lump sum payment of $350,000 or a perpetuity of monthly payments of $2,000 each. The first monthly payment...

An investor intends to construct a portfolio using only U.S. T-bills and an index fund similar to the S&P 500. The T-bills have a return of 5%. The S&P 500 has a standard deviation of 25% and...

Evaluate the integral I. I = 0 1 ( 4 t 3 i - 3 t 2 j + 5 t 4 k ) d t I = i + j + k

Suppose the system AX = B is consistent and A is a 6x3 matrix. Suppose the maximum number of linearly independent rows in A is 3. Discuss: Is the solution of the system unique?

In 1940, there were 247,560 immigrants admitted to a country. In 2005, the number was 1,067,955. a. Assuming that the change in immigration is linear, write an equation expressing the number of...

During 2018, the Cassy Corp. had 370,000 shares of $20 par common stock outstanding. On January 1, 2018, 8 percent bonds were issued with a maturity value of $1,000 each. Net income for 2018 was...

On January 1, 2014, The Miller Corporation purchased 300,000 shares of The Mayfair Corporation for $5.7 million. The investment represented 25 percent of The Mayfair Corporations outstanding common...

On February 1, 2016, Crane purchased $450,000, 6% bonds, with interest payable on January 1 and July 1, for $359,442, NOT INCLUDING accrued interest. The bonds mature on March 1, 2023. Amortization...

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

Is it necessary to change something in your everyday life in order for you to achieve the goal?

What comments do you get from the outside world in the imagined future when you have achieved what you wanted?

14. Think of a positive experience in your life, once you experienced that you had great creativity, great insight or a very strong concentration around some-thing you focused strongly on achieving....