owner contributions, accounting homework help

STUCK with your assignment? When is it due? Hire our professional essay experts who are available online 24/7 for an essay paper written to a high standard at a reasonable price.


Order a Similar Paper Order a Different Paper

Here is the start of the question: ____ – ____ = Equity. The first two blanks must be filled in with 6 choices and they are; assets, expenses, liabilities,owner contributions, owner withdrawals, and revenue. I thought they were owners contributions minus the owners withdrawals to = Equity? However, I am not certain. The rest of the question says to begin by working through owner’s equity. Rework the accounting equation and then solve for owner’s equity at the beginning and end of the period. 

It is formatted like this: Beginning…      ____ – ____ = ____ (equity)

                                     Ending…          ____ – ____ = ____ (equity)

Here is the data: Beginning: Assets are $73,000 Liabilities $55,000, Ending Assets are $66,000, Liabilities, $49,000.

Equity: Owner contributions $9,000, Owner withdrawals $3,000, Revenues $245,000 and Expenses say ? 

Writerbay.net

Everyone needs a little help with academic work from time to time. Hire the best essay writing professionals working for us today!

Get a 15% discount for your first order


Order a Similar Paper Order a Different Paper