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Determine the amount of increase or decrease in owner equity

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Question: Missing Amounts from Balance Sheet and Income Statement Data

One item is omitted in each of the following summaries of balance sheet and income statement data for the following four different proprietorships.

Enter the missing amounts. (Hint: First determine the amount of increase or decrease in owner's equity during the year.)


Aquarius		 Libra Scorpio Taurus

Beginning of the year:









Assets $504,900
$570,500
$242,400



Liabilities 302,900
296,700
184,200
$279,500

End of the year:









Assets 626,100
798,700
218,200
577,500


Liabilities 272,600
251,000
193,900
316,700

During the year:









Additional investment in the business
114,100
24,200
93,200


Withdrawals from the business 35,300
34,200

136,600


Revenue 166,600

278,900
260,800


Expenses 90,900
148,300
298,200
298,100

Reference no: EM131538396

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