Determine missing items in owner’s equity. 2021 2022 2023 S. Lisa, capital, January 1 $0 $35,400...
Determine missing items in owner’s equity.
| 2021 | 2022 | 2023 | |||||
| S. Lisa, capital, January 1 | $0 | $35,400 | $ | ||||
| Investment in the year | 28,320 | 0 | 9,440 | ||||
| Profit (loss) for the year | 17,700 | 27,140 | |||||
| Drawings in the year | 14,160 | 17,700 | |||||
| S. Lisa, capital, December 31 | 35,400 | 50,740 |
Homework Answers
Opening capital+ Investment+ profit - Drawings= Closing capital
| 2021 | 2022 | 2023 | |
| S. Lisa, capital, January 1 | $0 | $35,400 | $50,740 |
| Investment in the yeat | $28,320 | $0 | $9,440 |
| Profit (loss) for the year | $17,700 | $29,500 | $27,140 |
| Drawings in the year | $10,620 | $14,160 | $17,700 |
| S. Lisa, capital, December 31 | $35,400 | $50,740 | $69,620 |
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Determine missing items in owner’s equity.
2021
2022
2023
S. Lisa, capital, January 1
$0
$35,400...
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