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    pharris1's Avatar
    pharris1 Posts: 1, Reputation: 1
    New Member
     
    #1

    Oct 15, 2012, 07:57 PM
    show me how to solve accounting problem
    At the beginning of the current fiscal year, the balance sheet for Davis Co. showed liabilities of $320,000. During the year liabilities decreased by $18,000, assets increased by $65,000, and paid in capital increased from $30,000 to $192,000. Dividends declared and paid during the year were $25,000. At the end of the year, owners' equity totaled $429,000.

    I need the format
    OE
    A = l + PIC + RE
    Beginning: = + +
    Change: = + +
    Ending: = + +
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
     
    #2

    Oct 15, 2012, 11:44 PM
    I don't understand your problem

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