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Activity 4h Using the Expanded Accounting Equation Using the expanded accounting equation, calculate and enter the answers for each question. You will need to
Activity 4h 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. Assets $27008 Labtimes $15,000 $2.000 1) What is the equity at the beginning of the year? Beginning Equity 8000 23 What is the equity at the end of the year? Ending Equity 36000 3) If the owner contributes $9,100 and the owner withdraws $43,200, how much is net income (loss) Net Income (Loss) 62100 5) If the owner contributes $19,000 and net income is $17,000, how much did the owner withdraw (owner, withdrawals) Owner, Withdrawals 1000 4) If net income is $3,200 and owner withdrawals are $5,000, how much did the owner contribute (owner, capital Owner, Capital 6) If the owner contributes $41,000 and the owner withdraws $1,900, how much is net income (loss)? Net income (Loss)
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