Question: Using the accounting equation provided, calculate: 1. Beginning capital on January 1, 2014, and 2. Ending capital at December 31, 2014. Assets uabilities + Equity

Using the accounting equation provided, calculate:
1. Beginning capital on January 1, 2014, and
2. Ending capital at December 31, 2014.

Assets uabilities + Equity $20,000 $15,000 Beginning capital on January 1, 2014 3,000Plus owner investments during the year +8,000 Plus net income earned during the year 4,000Less owner withdrawals during the year 4 Equals ending capital on December 31, 2014

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