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shannoneill
May 6, 2008, 06:42 AM
I am having trouble with this problem and need the correct formula..
Determine the beginning owner's equity of a business having an ending Owner's equity of $4013, additional investments of $2585, withdrawals of $1114 and net loss $2893.

CaptainForest
May 6, 2008, 11:48 AM
Please see the identical problem (and answer) posted by user dora1223 at the following link:

http://www.askmehelpdesk.com/accounting/how-do-you-get-beggining-owners-equity-212783.html