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30 Exercise 2-24 (Algo) Computing net income LO P1 03 A company had the following assets and liabilities at the beginning and end of this
30 Exercise 2-24 (Algo) Computing net income LO P1 03 A company had the following assets and liabilities at the beginning and end of this year. Skipped Beginning of the year End of the year Assets $139,500 193,500 Liabilities $59,804 78,368 Book a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, but dividends were $1,400 cash per month. c. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange for common stock. d. Dividends were $1,400 cash per month, and the owner invested an additional $35,000 cash in exchange for common stock. Determine net income or net loss for the business during the year for each of the above separate cases: (Decreases in equity should be indicated with a minus sign.) Beginning of the year-Equity Owner investments Dividend b. $ 0 $ 0 $ Net income (loss) End of the year-Equity S 0 $ 0 $ Check my work
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