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QUESTION
1) Find the Net Income / Loss. Assets: 58,000 Liabilities: 35,000 Owners investment: 12,000 Net Loss? Owners Withdraws: 10,000 2) Find owners equity
1) Find the Net Income / Loss.
Assets: 58,000
Liabilities: 35,000
Owners investment: 12,000
Net Loss?
Owners Withdraws: 10,000
2) Find owners equity and Liabilities
Assets: 60,000
Liabilities: ?
Owners Investments: 12,000
Net Income/ Loss : 22,000
Owners Withdraws: 10,000
3) Find owners investments
Assets: 74,000
Liabilities: 51,000
Owners investments: ?
Net Income/ Loss 12,000
Owners Withdraws: 20,000
