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Hello, How do I calculate additional investment and drawings from a balance sheet and income sheet (part b and d)? Two items are omitted from
Hello,
How do I calculate additional investment and drawings from a balance sheet and income sheet (part b and d)?
Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships for the year 2020, Greene's Goods and Solar Enterprises. Determine the missing amounts. Greene's Goods Solar Enterprises Beginning of year: Total assets $110,000 $129,000 Total liabilities 85,000 49000 (0) Total owner's equity 25000 (a) 80,000 End of year: Total assets Total liabilities Total owner's equity Changes during year in owner's equity: 160,000 120,000 40,000 180,000 50,000 130,000 Additional investment 7000 (6) 25,000 Drawings 37,000 15000 (d) $UStep by Step Solution
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