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1 - The following are some assets and liabilities of Samer's proprietorship at the beginning and end of the period: Assets Beginning of 2 0

1- The following are some assets and liabilities of Samer's proprietorship at the beginning and end of the period:
Assets
Beginning of 2017: 100,000
Ending of 2017: 160,000
liabilities:
Assets
Beginning of 2017: 25000
Ending of 2017: 35000
Required:
Compute net income (loss) for 2017 under each of the following independent cases:
*Samer did not make any new investments or withdrawal.
*Samer withdrew $9,000 during the year but made no investment.
*Samer invested $17,000 in cash with no withdrawal.
*Samer invested $20,000 cash and withdrew$7,000.
2-
Compete the missing information in each of the following
1.Owner's equity beginning of the period $14,000Net income of the period $6,500Withdrawals $4,900Owner's equity end of the period?
2.Owner's equity beginning of the period $22,000Net income of the period?Withdrawals $8,500Owner's equity end of the period $37,000
3.Owner's equity beginning of the period $12.000Net income of the period $10,400Withdrawals?Owner's equity end of the period $19,800
4.Owner's equity beginning of the period $32,100Net income of the period?Withdrawals $11,000Owner's equity end of the period $45,000Additional investments by owner during the period
$20,000

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