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1) At the beginning of the year, Carrie's capital account was $200,000. By the end of the current year the capital account had decreased to
1) At the beginning of the year, Carrie's capital account was $200,000. By the end of the current year the capital account had decreased to $150,000. During the year, Carrie made additional investments of $10,000, and net income was $70,000. How much did Carrie withdraw during the year? 2)At the beginning of the year, Garth's capital account was $120,000. By the end of the current year the capital account had increased to $180,000. During the year, Garth withdrew $50,000, and net income was $90,000. How much did Garth invest during the year?
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