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View Full Version : How do to find the equity and liabilities


empress858
Jan 28, 2012, 01:10 PM
Assets 49,000

Owner investments 6,000
Net income (loss) 11,270
Owner cash withdrawals 3,500

Please help

pready
Jan 29, 2012, 01:45 PM
Owners Equity = Owners Investments + Net Income - Owners Cash Withdrawals

Liabilities = Assets - Owners Equity