FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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![For each independent situation below, calculate the missing values for owner's equity.
| Beginning Balance | + Investments | - Distributions | = Ending Balance |
|-------------------|---------------|-----------------|------------------|
| $0 | $22,750 | $14,000 | $ [Blank] |
| $17,600 | $ [Blank] | $7,600 | $69,000 |
| $ [Blank] | $75,000 | $160,000 | $142,000 |
| $0 | $172,000 | $ [Blank] | $156,300 |
| $87,000 | $65,000 | $43,000 | $ [Blank] |
- **Situation 1**: The ending balance needs to be calculated.
- **Situation 2**: The investment amount is missing.
- **Situation 3**: The beginning balance is missing.
- **Situation 4**: The distribution amount is missing.
- **Situation 5**: The ending balance needs to be calculated.
To find the missing values, use the equation:
\[ \text{Ending Balance} = \text{Beginning Balance} + \text{Investments} - \text{Distributions} \]](https://content.bartleby.com/qna-images/question/11de2924-4cc1-4750-958e-08c098876e74/ea5c2739-ca7c-4357-8c95-08d367e914f0/221odkh_processed.jpeg)
Transcribed Image Text:For each independent situation below, calculate the missing values for owner's equity.
| Beginning Balance | + Investments | - Distributions | = Ending Balance |
|-------------------|---------------|-----------------|------------------|
| $0 | $22,750 | $14,000 | $ [Blank] |
| $17,600 | $ [Blank] | $7,600 | $69,000 |
| $ [Blank] | $75,000 | $160,000 | $142,000 |
| $0 | $172,000 | $ [Blank] | $156,300 |
| $87,000 | $65,000 | $43,000 | $ [Blank] |
- **Situation 1**: The ending balance needs to be calculated.
- **Situation 2**: The investment amount is missing.
- **Situation 3**: The beginning balance is missing.
- **Situation 4**: The distribution amount is missing.
- **Situation 5**: The ending balance needs to be calculated.
To find the missing values, use the equation:
\[ \text{Ending Balance} = \text{Beginning Balance} + \text{Investments} - \text{Distributions} \]
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