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Calculate the amount of the missing Item in each of the following independent cases: b Equity, January 1 0 0 0 Owner's investments during the
Calculate the amount of the missing Item in each of the following independent cases:
b
Equity, January 1
0
0
0
Owner's investments during the year
62,000
33,500
39,500
142,000
Profit (loss) for the year
17,750
32,500
(4,700)
(8,200)
Owner's withdrawals during the year
(29,000)
(22,000)
(16,750)
(65,000)
Equity, December 31
$
58,000
50,500
34,000
173.000
Calculate the amount of the missing Item in each of the following independent cases:
|
| b |
|
|
|
Equity, January 1 | 0 | 0 | 0 |
|
|
Owner's investments during the year | 62,000 |
| 33,500 | 39,500 | 142,000 |
Profit (loss) for the year | 17,750 | 32,500 | (4,700) |
| (8,200) |
Owner's withdrawals during the year |
| (29,000) | (22,000) | (16,750) | (65,000) |
Equity, December 31 | $ 58,000 | 50,500 |
| 34,000 | 173.000 |
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