Use Excel formulas to replace the ? marks Assets, beginning 25 Liabilities, beginning 12 Owner's Equity,...

Use Excel formulas to replace the ? marks

Assets, beginning	25
Liabilities, beginning	12
Owner's Equity, beginning	?
Assets, ending	28
Liabilities, ending	8
Owner's Equity, ending	?
Owner's invetment	3
Owner's Withdrawals	0
Net Income	?

Assets, beginning	28
Liabilities, beginning	10
Owner's Equity, beginning	?
Assets, ending	28
Liabilities, ending	12
Owner's Equity, ending	?
Owner's investment	?
Owner's Withdrawals	5
Net Income	2

Assets, beginning	25
Liabilities, beginning	12
Owner's Equity, beginning	?
Assets, ending	28
Liabilities, ending	8
Owner's Equity, ending	?
Owner's investment	3
Owner's withdrawals	2
Net Income	?

Assets, beginning	25
Liabilities, beginning	10
Owner's Equity, beginning	?
Assets, ending	28
Liabilities, ending	8
Owner's equity ending	?
Owner's Investment	3
Owner's Withdrawal	?
Net Income	?
Revenue	10
Expenses	7

Expert Solution

	25
Assets, beginning	25
Liabilities, beginning	12
Owner's Equity, beginning	13
Assets, ending	28
Liabilities, ending	8
Owner's Equity, ending	20
Owner's invetment	3
Owner's Withdrawals	0
Net Income	4

Assets, beginning	28
Liabilities, beginning	10
Owner's Equity, beginning	18
Assets, ending	28
Liabilities, ending	12
Owner's Equity, ending	16
Owner's investment	1
Owner's Withdrawals	5
Net Income	2

Assets, beginning	25
Liabilities, beginning	12
Owner's Equity, beginning	13
Assets, ending	28
Liabilities, ending	8
Owner's Equity, ending	20
Owner's investment	3
Owner's withdrawals	2
Net Income	6

Assets, beginning	25
Liabilities, beginning	10
Owner's Equity, beginning	15
Assets, ending	28
Liabilities, ending	8
Owner's equity ending	20
Owner's Investment	3
Owner's Withdrawal	1
Net Income	3
Revenue	10
Expenses	7

Note:- 1. Equity = Total assets - total liabilties

2. Net income = Revenue - Expenses

3. Owner's Equity, beginning + Owner's Investment + Net Income - Owner's Withdrawal = Owner's equity ending

ekkarill92 answered 1 year ago

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