Question
I cannot figure out how my teacher got this answer. Please help. Asstes = Liabilites + Owners Capital - Owners Withdraw + revenues -expenses 71,288
I cannot figure out how my teacher got this answer. Please help.
Asstes = Liabilites + Owners Capital - Owners Withdraw + revenues -expenses
71,288 = 2,260 + ??? - 14,420 + 53,085 - 28,675 He came up with $59, 038 as the answer for the Owners Capital. For the life of me, I can't figure out how. Please advise. Thanks!
How do I find the Owners Capital?
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
