Ask Experts Questions for FREE Help !
Ask
    Mike Griffi99's Avatar
    Mike Griffi99 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 19, 2013, 07:28 AM
    Accounting problem owners investment not given
    Changes during the year in equities:
    Additional owner investment ? 25,000
    Owner's withdrawals 29,000 ?
    Total revenues 215,000 100,000
    Total expenses 175,000 60,000

    How do I find the owners withdrawals & addidional investment?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Apr 19, 2013, 07:44 AM
    You need the beginning year numbers for assets, liabilities and owners equiy to solve this problem.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How do I find the owners equity, in the basic accounting equation? [ 10 Answers ]

Please help me...

Accounting- Assets-Liabilities-Owners (OE)-Equity [ 1 Answers ]

Collen Silk opened a medical practice . During July , the first month of operation, the business , titled Colleen Silk , M.D. experienced the following events, Requirement 1. Analyze the effects of these events on the accounting equation of the medical practice M.D (Make sure to analyze each...

Accounting: Owners Equity Statement Questions... [ 3 Answers ]

OK... this is what I am coming up with I WAS GIVEN THESE NUMBERS AND HAVE REFIGURED THEM NUMEROUS TIMES) only I'm not getting the right number in the end! What am I missing?? Gionan, Capital, December 31, 2010 $61,800 Add: Investments by owner ...

Investment by owners? [ 2 Answers ]

If a company has assets of $350,000, liabilities of $310,000, and retained earnings of $180,000, investments by owners must be? A. $40,000 B. $225,000 C. $295,000 D. $310,000 I answered D. my answer was wrong. Can someone please tell me what I did wrong. Thank You in advance

Comprehensive accounting equation distribution to owners [ 1 Answers ]

Comprehensive Accounting Equation Assuming no additional investments by or distributions to owners, compute the missing amounts for companies X, Y, and Z. X Y Z Assets: January 1, 2006.. . $360 $ ? $230 Liabilities: January 1, 2006.. . 280 460 ? Owners’ equity: January 1,...

View more questions Search