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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 different proprietorships. Enter the missing amounts. (Hint: First determine the amount of increase or decrease in owner's equity during the year.)
Aquarius -
Libra -
Scorpio -
Tarus -
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 different proprietorships Enter the missing amounts. (Hint: First determine the amount of increase or decrease in owner's equity during the year.) Aquarius Libra Scorpio Taurus Beginning of the year Assets Liabilities End of the year: Assets Liabilities During the year: $206,400 $239,400 $86,700 123,800 124,500 65,900 $115,200 78,000 255,900 111,500 238,000 335,200 105,300 69,400 130,500 Additional investment in the business Withdrawals from the business Revenue Expenses 38,400 56,300 107,500 122,800 47,900 8,700 14,400 68,000 37,200 14,400 99,600 62,200 106,600Step by Step Solution
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