v2 One-ACcc Ch. 1 Homework 2-Week 1 Missing Amounts from Balance Sheet and I One item is omitted in each of the following four different proprietorships fotlowing summaries of balance sheet and income statement data for the Freeman Heyward Jones Ramirez Beginning of the year Assets $900,000 $490,000 $115,000 Liabilities 360,000 260,000 81,000 $120,000 End of the year: Assets Liabilities During the year: 1,260,000 675,000 100,000 270,000 330,000 220,000 80,00o 136,0o0 Additional investment in the business Withdrawals from the business 75,000 32,000 570,000 240,000 128,000 122,500 128,000 (a) 150,000 10,000 55,000 (c) 39,000 (b) 115,000 115,000 Revenue Expenses Determine the missing amounts. Hint: First determine the amount of increase or decrease in owner's equity during the year. Freeman: Additional investment in the business Heyward: Revenue Jones: Ramirez: Assets Withdrawals from the business k My Work