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    bruinfan Posts: 2, Reputation: 1
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    #1

    Sep 10, 2011, 07:50 PM
    How do I find the missing amounts from balance sheet and income statement data
    How do I find the missing amounts from balance sheet and income statement data
    bruinfan's Avatar
    bruinfan Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Sep 10, 2011, 07:57 PM
    How do I find the missing amounts from balance sheet and income statement data. Determine the missing amounts, but first determine amount of increase or decrease in owners equity during the year.

    Beg:
    Assets:$300,000
    Liabilties:$120,000
    End:
    Assets:$420,000
    Loabilities:$110,000
    During the year
    Add investment (a)
    Withdrawls:25,000
    Revenues:$190,000
    Expenses$80,000
    How do I find the missing amount in the letter (a)
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