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Reem Company has total assets of $ 430,000 and total abilities of $ 210,000, on...

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Accounting

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Reem Company has total assets of $ 430,000 and total abilities of $ 210,000, on 1/1/2021. During the year, the company had revenues of $ 220,000, and expenses of $ 172.000. Also, the owner, Ms. Reem withdraw $ 10,000 for her personal use, during the same period. If you know that assets are $ 600,000 and liabilities are $ 265,000 at year end (31/12/2021). How much Did Ms. Reem make as additional Investment during the year? (Note: write your answer as a number only with no commas or signs. If the answer is $2,000, write it as 2000) Answer: Question 15 Not yet word Marked out of 1,00 Pacotion Mr. Jamal invested a certain amount of money to establish a small gift shop, on 1/1/2015. His business was a success, and on 31/12/2020, his capital account balance showed $ 242,000. If you know that Mr. Jamal made no additional investments during these 6 years, but made withdrawals of $ 58,000, and the Total net income during these 6 years was $ 277,000, HOW much was his initial investment when he opened his gift shop? (Note: write your answer as a number only with no commas or signs. If the answer is 52,000, write it as 2000)

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