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-   -   How do to find the equity and liabilities (https://www.askmehelpdesk.com/showthread.php?t=631244)

  • Jan 28, 2012, 01:10 PM
    empress858
    How do to find the equity and liabilities
    Assets 49,000

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

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

    Liabilities = Assets - Owners Equity

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