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Activity 4 . b - Using the Expanded Accounting Equation Using the expanded accounting equation, calculate and enter the answers for each question. You will

Activity 4.b - Using the Expanded Accounting Equation
Using the expanded accounting equation, calculate and enter the answers for each
question. You will need to use the answers you calculate for beginning and ending equity to
answer the rest of the questions.
What is the equity at the beginning of the year?
Beginning Equity
If the owner contributes $8,400 and the owner withdraws $42,700,
how much is net income (loss)?
Net Income (Loss)
If the owner contributes $19,700 and net income is $18,300, how
much did the owner withdraw (owner, withdrawals)?
Owner,
Withdrawals
What is the equity at the end of the year?
Ending Equity
If net income is $2,000 and owner withdrawals are $5,900, how
much did the owner contribute (owner, capital)?
Owner, Capital
If the owner contributes $44,300 and the owner withdraws
$4,700, how much is net income (loss)?
Net Income (Loss)
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