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mg.com/activit/1/4/2 Using the expanded accounting equation, calculate and enter the answers...

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Accounting

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mg.com/activit/1/4/2 Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Liabilities Beginning of Year: 525,000 $12000 results End of Year: $63.000 $25,000 1) What is the equity at the beginning of the year? Multim 2) What is the equity at the end of the year? Chapte Beginning Equity 7000 Ending Equity 38000 Dynam Com 3) if the owner contributes $8,000 and the owner withdraws $44,500, how much is net income (loss)? 4) If net income is $1,400 and owner withdrawals are 59,800, how much did the owner contribute (owner, capital? Owner, Capital Net Income (Loss) 5) If the owner contributes 517.700 and net income is 518,500, how much did the owner withdraw (owner, withdrawals)? 6) If the owner contributes 541,000 and the owner withdraws $4,200, how much is net income (loss)

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