Question: I've been doing #6 for over an hour and it keeps saying its wrong. please help me find the answer Using the expanded accounting equation,
Using the expanded accounting equation, calculate and enter the question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. P Assets Liabilities Deping of Year 125.000 516,000 End of Year 364.000 $27.000 red 1) What is the equity at the beginning of the year? Beginning Equity 9000 2) What is the equity at the end of the year? Ending Equity 37000 3) If the owner contributes 58.900 and the owner withdraws 5:40,600, how much is net income (loss)? 4) If net income is 53,700 and owner withdrawals are 56,800, how much did the owner contribute (owner, capital? Owner, Capital 31100 Net Income (Loss) 59700 6) If the owner contributes $41,700 and the owner withdraws $2,800, how much is net income (loss)? 5) If the owner contributes $16,400 and net income is 518,400, how much did the owner withdraw (owner, withdrawals)? Owner Withdrawals 5800 Net Income (Loss) 10100
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