Calculate the amount of the missing item in each of the following independent cases: Equity, January 1 Owner's investments during the year Profit (loss) for the year Owner's withdrawals during the year Equity, December 31 $ $ 0 $ 71,000 26,750 67,000 $ 0 $ 41,500 (38,000) 55,000 C 0 $ 42,500 (5,600) (31,000) $ d 0 48,500 $ 151,000 (9,100) (21,250) (74,000) 43,000 $182,000

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter14: Intercorporate Investments In Common Stock
Section: Chapter Questions
Problem 17E
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Calculate the amount of the missing item in each of the following independent cases:
Equity, January 1
Owner's investments during the year
Profit (loss) for the year
Owner's withdrawals during the year
Equity, December 31
$
$
0 $
71,000
26,750
67,000 $
0 $
41,500
(38,000)
55,000
0
42,500
(5,600)
(31,000)
$
d
0
$
48,500
0
151,000
(9,100)
(21,250)
(74,000)
$ 43,000 $182,000
Transcribed Image Text:Book rint Calculate the amount of the missing item in each of the following independent cases: Equity, January 1 Owner's investments during the year Profit (loss) for the year Owner's withdrawals during the year Equity, December 31 $ $ 0 $ 71,000 26,750 67,000 $ 0 $ 41,500 (38,000) 55,000 0 42,500 (5,600) (31,000) $ d 0 $ 48,500 0 151,000 (9,100) (21,250) (74,000) $ 43,000 $182,000
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