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    empress858's Avatar
    empress858 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 28, 2012, 01:10 PM
    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
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

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

    Liabilities = Assets - Owners Equity
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