Calculate the amount of the missing item in each of the...

Calculate the amount of the missing item in each of the following independent cases 01:58:22 Equity, January 1 $\quad 0 \quad$ $\quad 0 \quad$ $\quad 0 \quad$ Owner's investments during the year 68,000 39,500 45,500 148,000 eBook Profit (loss) for the year 23,750 38,500 (35,000) (5,300) (8,800) (28,000) (19,750) (71,000) Owner's withdrawals during the year Equity, December 31 $\quad 64,000 \quad$ $\quad 53,500 \quad$ $\quad 40,000 \quad$ $\quad 179,000 \quad$

Transcript

00:01 So here we want to add the missing amounts.

00:04 Well the ending equity is going to be your beginning equity plus any investments minus dividends paid and then plus or minus any income.

00:38 It's a plus if it's an income and it's minus if it's a loss.

00:43 So here for cbs we start with zero.

00:48 We add if investments of 94 000.

00:54 We don't know what the dividends are but we also have income of 96 no 90 500 and then we end up with 96 500.

01:17 So when you add 94 500 plus 90 500 and that is equal to let's see here 94 500 plus 90 500 that is equal to 18 000 or 185 000.

01:47 But we want to end up with this amount so the dividends are going to be the difference between this and that.

01:55 So subtract your 96 500 to get your dividends.

02:01 So our dividends then are going to be negative 8 8 5 0 because that way we end up with this amount.

02:16 So this is going to be negative 8 8 5 0 0.

02:23 And then if we look at abc let's see here we know that we start with beginning equity of zero.

02:39 Our investments are unknown.

02:42 Our dividends are subtracted so that is minus 52 000.

02:49 And we have net income of 41 605 and we end up with 93 93 605.

03:08 Well this together is 4 1 6 0 5 minus 5 2 0 0 0.

03:21 This is negative 1 0 3 9 5.

03:27 So then whatever this is if we subtract this from it will give us this.

03:33 That means that 93 605 plus 1 0 3 9 5 will give us the investment...

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