Question: Is there someone that can answer the question marks for this accounting assignment.? See below: Instructions font-size:11pt;font-family:Arial, 'sans-serif';>In each of the two sets of organization
Is there someone that can answer the question marks for this
accounting assignment.? See below:
Instructions
"font-size:11pt;font-family:Arial, 'sans-serif';">In each of the
two sets of organization financial statement information, two items
have been omitted. Replace the question marks with the missing
amounts. Use the area below the table to show any calculations used
to arrive at the final answer for each missing amount.
| Beginning of year: | ||
| Total assets | 110,000 | 129,000 |
| Total liabilities | 85,000 | ? |
| Total equities | ? | 80,000 |
| End of year: | ||
| Total assets | 160,000 | 180,000 |
| Total liabilities | 120,000 | 50,000 |
| Total equities | 40,000 | 130,000 |
| Changes during the year in equities: | ||
| Additional owner investment | ? | 25,000 |
| Owner's withdrawals | 29,000 | ? |
| Total revenues | 215,000 | 100,000 |
| Total expenses | 175,000 | 60,000 |
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