What is the answer to ts question? Transcribed Image Text: earson ACT- Sole Proprietorsp Google Chrome | act.pearsoncmg.com/try-it/1 Assets Liabilities Beginning

Excerpt
the owner contribute (owner, capital)? Net Income (Loss) Owner, Capital 5) If the owner contributes \$15,800 and net income is \$16,400, how much did the owner withdraw (owner, 6) If the owner contributes \$44,400 and the owner withdraws \$1,300, how much is net income (loss)?

What is the answer to ts question? Transcribed Image Text: earson ACT-
Sole Proprietorsp Google Chrome
|
act.pearsoncmg.com/try-it/1
Assets
Liabilities
Beginning of Year:
\$28,000
\$18,000
End of Year:
\$63,000
\$27,000
1) What is the equity at the beginning of the year?
2) What is the equity at the end of the year?
Beginning Equity
10,000
Ending Equity
36,000
3) If the owner contributes \$7,200 and the owner
withdraws \$37,800, how much is net income (loss)?
4) If net income is \$2,700 and owner withdrawals
are \$8,400, how much did the owner contribute
(owner, capital)?
Net Income (Loss)
Owner, Capital
5) If the owner contributes \$15,800 and net income is
\$16,400, how much did the owner withdraw (owner,
6) If the owner contributes \$44,400 and the owner
withdraws \$1,300, how much is net income (loss)?