I am having issues getting a balance sheet to come out right from the given data from a trial balance. Can anyone help me out with this? I have included a picture of what I am working on...

:eek: I need to find out what the net worth is on the beginning year This is the problem below Beginning of the year: Assets: Liabilities: $120.000 End of year: Assets: $248.000 Liabilities: $136.000 Additional Investments: 40.000

Hi, Just wondering been having some problems with my Balance Sheet balancing, I was wondering if the Trial Balance balances, does that mean that the balance sheet will balance? (given that I do everything correctly? ) Also just a quick question while I'm asking, regarding depreciation in...

Dear Mr. / Ms. What is the meaning of "Capital" in accounting term? Please explain

One item is omitted in the following summaries of balance sheet and income statement data: Beginning of the year: Assets $540,000 Liabilities $324,000 End of Year: Assets: 670,500 Liabilities: $292,500