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At the start of the year, net assets are $381,533, Liabilities at the end of the year are $658,689 Liabilities decreased throughout the year by
- At the start of the year, net assets are $381,533,
- Liabilities at the end of the year are $658,689
- Liabilities decreased throughout the year by $210,561
- Profit during the year was $719361
- A dividend was paid
- There was a share issue of $100,250 and opening retained earnings was $281,283
- Assets increased by $559,050 during the year
Required:
Fill in the table below
| Assets | Liabilities | Owners Equity | |
| Contributed Capital | Retained Earnings | ||
Beginning Balance |
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Changes throughout the Year |
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Closing Balance |
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