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10 Feb 2018

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Missing Amounts from Balance Sheet and Income Statement Data

One item is omitted in each of the following summaries ofbalance sheet and income statement data for the following fourdifferentproprietorships.

Enter the missing amounts. (Hint: First determine theamount of increase or decrease in owner's equity during theyear.)

Aquarius Libra Scorpio Taurus
Beginning of theyear:
Assets $535,600 $615,900 $235,700 _________________
Liabilities 321,400 320,300 179,100 $298,800
End of the year:
Assets 664,100 862,300 212,100 617,600
Liabilities 289,200 271,000 188,600 338,700
During the year:
Additional investment in thebusiness _________________ 123,200 23,600 99,600
Withdrawals from the business 37,500 37,000 _________________ 146,100
Revenue 176,800 _________________ 270,900 278,900
Expenses 96,400 160,100 289,900 318,800

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Jamar Ferry
Jamar FerryLv2
10 Feb 2018

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