Please help me X part. th grade m. Reload gnore This window shows your responses

Question

Please help me X part.

th grade m. Reload gnore This window shows your responses and what was marked correct and incorrect Company Company Company Company Company December 31, 2016 $42,000 $32,760 $26,880 $74,760 $114,660 Assets Liabilities 34,440 22,93214,515 51,584 December 31, 2017 85,540 129,720 23,011 15,43041,059 102,478 6,500 8,810 47,00033,848 4 Liabilities During year 2017 Owner investments Net income (loss) Owner cash withdrawals 3, s0e 2,e0e 5,875 6,000 1,400 9,750 11,090 7,200 14,305 Problem 1-2A Part 3 3. Compute the amount of assets for Company C on December 31, 2017 (Enter Losses an wherever required.) December 31, 2016 26 880 14,515S 12,365 14,51512,365 ent of Owner's E Equity, December 31, 2016 Add. Investment by Owner9,750 Less: Net loss 12,365 7,200 29,315 Less Withdrawals by Owner Equity, December 31, 2017 5,875 23440

Explanation / Answer

Equity 12,365

Add: Investments by owner 9,750

Add: Net income 7,200

29,315

Less: Withdrawal 5,875

Equity Dec 2017 23,440

Your answer is almost correct only mistake made is you have written net loss, it should be net income and should be added. Thanks!

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.