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Fill in blanks using equity equation Company L Company M Company N Company O Company P Beginning Capital $8 000 $9 000 $23 000 $54
Fill in blanks using equity equation
|
| Company L | Company M | Company N | Company O | Company P |
| Beginning Capital | $8 000 |
| $9 000 | $23 000 | $54 000 |
| Revenue | $15 000 |
|
| $5 000 |
|
| Expenses | $6 000 | $7 000 | $8 200 |
| $30 000 |
| Net Income/ Net Loss |
| $18 000 | $12 500 | $4 500 | -$2 500 |
| Drawings | $500 | $3 000 | $3 200 |
|
|
| Increase/Decrease To Equity |
|
|
| -$1 000 | -$4 200 |
| Ending Capital |
| $22 000 |
|
|
|
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