jlancaster91
Apr 8, 2013, 07:57 PM
How do I calculate the amount of assets and equity when given...
December 31, 2009
Assets: 24,000
Liabilities: 9,000
Equity: 15,000
December 31, 2010
Assets: Not Given
Liabilities: 29,000
During 2010
Owner Investment: 9,750
Net Income: 8,000
Owner Cash Withdrawal: 5,875
I need to find out the amount of assets and equity for December 31, 2010.
Thanks!
December 31, 2009
Assets: 24,000
Liabilities: 9,000
Equity: 15,000
December 31, 2010
Assets: Not Given
Liabilities: 29,000
During 2010
Owner Investment: 9,750
Net Income: 8,000
Owner Cash Withdrawal: 5,875
I need to find out the amount of assets and equity for December 31, 2010.
Thanks!