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Missing amounts from balance sheet and income statement data One item is omitted in each of the following summaries of balance sheet and income statement
Missing amounts from balance sheet and income statement data One item is omitted in each of the following summaries of balance sheet and income statement data for the following four differ Determine the missing amounts. Hint: First determine the amount of increase or decrease in owner's equity during the year. Freeman Heyward Jones Ramirez Beginning of the year: Assets $286,200 $332,000 $123,100 x Liabilities 171,700 172,600 93,600 $155,800 End of the year: Assets 354,900 464,800 110,800 322,100 Liabilities 154,500 146,100 98,500 176,600 During the year: Additional investment by owner x 66,400 12,300 51,900 Withdrawals by owner 20,000 19,900 76,200 Revenue 94,400 141,600 145,500 Expenses 51,500 86,300 151,400 166,200
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