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View Full Version : One item is omitted in each of the following summaries of balance sheet and income st


DColeman68
Apr 2, 2014, 05:19 PM
Proprietorship
X Y Z

Beginning of Year:
Assets 299,000 380,000 250,000
Liabilities 168,000 250,000 105,000
End of Year:
Assets 295,000 450,000 185,000
Liabilities 196,000 250,000 95,000
During the Year:
Additional Investment by Owner 50,000 b. 79,000
Less: Withdrawals by Owner a. 90,000 83,000
Revenue 187,000 195,000 c.
Less: Expenses 175,000 170,000 113,000

ma0641
Apr 3, 2014, 02:09 PM
You are probably wondering why this question was not answered. We do not do your work for you.