The bel lected information is taken from the work sheet for Majestic Company, that is owned by Edward, at its year-end. Balance Sheet and Income Statement Dr. Statement of Owner's Equity Cr. 100,000 Cr. Dr. Edward's Conuibution Edward, Withdrawals Totals 52,000 65,000 150,000 Determine the amount for beginning Capital. Note that Edward's Capital was S200,000 at year-end balance sheet. (Please show your calculations)

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is