What is the amount of equity on December 31, 2011?


December 31, 2011

Assets=44000
Liabilities ?

During year 2011

Stock issuances 6,000

Net income(loss) 9,920

Cash dividends 3,500


Liability and Equity

Add Net Income to your stock issuances, then subtract your cash dividends to get Owners Equity.

Assets minus Owners Equity equals Liabilities.

You should read fundamental accounting principles (http://www.famoustextbooks.com)