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    bergrn05's Avatar
    bergrn05 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 8, 2012, 09:41 PM
    How to find equity without liabilities
    December 31, 2010
    Assets $32,000
    Liabilities 26,240
    December 31, 2011 Assets 35,000
    Liabilities ?
    During year 2011
    Owner investments 6,000
    Net income (loss) 7,490
    Owner cash withdrawals 3,500

    How do I find equity and liabilities for December 31, 2011?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Sep 9, 2012, 05:06 AM
    This is just one of many questions on the same subject The methodology has been explained ad nausium please search the site for recent posts on this subject
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