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Info: Beginning of Year: Assets / Liabilities: $27,000 / $18,000 End of Year: Assets / Liabilities: $63,000/ $27,000 3) If the owner contributes $6,200 and
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Beginning of Year: Assets / Liabilities: $27,000 / $18,000
End of Year: Assets / Liabilities: $63,000/ $27,000
3) If the owner contributes $6,200 and the owner withdraws $44,100, how much is net income (loss)?
4) If net income is $1,400 and owner withdrawals are $8,700, how much did the owner contribute (owner, capital)?
5) If the owner contributes $16,100 and net income is $16,800, how much did the owner withdraw (owner, withdrawals)?
6) If the owner contributes $43,300 and the owner withdraws $2,500, how much is net income (loss)?
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