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A company had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year
A company had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Asuta 118,000 159,000 $50,587 64,395 a. Owner made no investments in the business, and no withdrawals were made during the year b. Owner made no investments in the business, but did withdraw $10,800 during the year. c. Owner made no withdrawals during the year, but the owner did invest an additional $45,000 cash d. Owner withdrew $10,800 during the year, but the owner did invest an additional $35,000 cash near year-end 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 Owner withdrawals Net income (loss) End of the year-Equity
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