find the missing amount for #3.thank you! Beginningbalances:AssetsLiabilitiesEndingBalancesAssetsLiabilitiesDuring the year:+Net income /-Net lossAdditionalinvestmentDrawingsKJC100,00040,000215,00090,000#350,0005,000JBA200,000150,000258,000130,00050,000#412,000HPL300,000160,000283,000170,00025,0008,000#5Shim416, 000190,000284,000170,000-58,0006,00060,000Hong250,000190,000133, 00080,00030,0003,00040,000

The accounting equation states that assets equals to sum of liabilities and shareholders equity.…

Answered: eginning alances: ssets abilities nding…

eginning alances: ssets abilities nding alances ssets abilities uring the year: Net income / et loss dditional vestment awings KJC 100,000 40,000 215,000 90,000 # 3 50,000 5,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Balance of Payments

BOP is categorized into the following three components:

Question

100%

find the missing amount for #3.

thank you!

Beginning
balances:
Assets
Liabilities
Ending
Balances
Assets
Liabilities
During the year:
+Net income /
-Net loss
Additional
investment
Drawings
KJC
100,000
40,000
215,000
90,000
#3
50,000
5,000
JBA
200,000
150,000
258,000
130,000
50,000
#4
12,000
HPL
300,000
160,000
283,000
170,000
25,000
8,000
#5
Shim
416, 000
190,000
284,000
170,000
-58,000
6,000
60,000
Hong
250,000
190,000
133, 000
80,000
30,000
3,000
40,000

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