Question
The accounts of Mason Company at the end of the past year report the following amounts: Accounts Amount Owner Withdrawals, G. Mason $ 15,500 Revenues
The accounts of Mason Company at the end of the past year report the following amounts:
| Accounts | Amount |
|---|---|
| Owner Withdrawals, G. Mason | $ 15,500 |
| Revenues | $ 97,000 |
| Expenses | $ 43,800 |
| Owner investments | 2,000 |
Required:
If the beginning equity for the year was $173,000, calculate the ending equity for Mason Company.
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Computation Of ending equity of Maso...
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
