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

    Jul 31, 2012, 03:42 PM
    How do I find the equity and liabilities for Dec 31, 2011 ?
    December 31, 2011

    Assets 38,000
    Liabilities ?

    During yr 2011
    Stock issuance 6,000
    Net Income (loss) 8,300
    Cash Dividends 3,500
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Jul 31, 2012, 05:00 PM
    assets - liabilities = equity

    from the information you have determine the equity at year end and the rest is easy
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